699 Shares in TopBuild Corp. (NYSE:BLD) Bought by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC acquired 699 shares of TopBuild Corp. (NYSE:BLD) during the first quarter, valued at approximately $213,000.
• Several institutions increased their stakes in TopBuild, with a notable 183.9% increase by National Bank of Canada FI during the fourth quarter.
• Wall Street analysts have raised their target prices for TopBuild, with JPMorgan increasing its target from $344.00 to $398.00, indicating a positive outlook on the stock.

HB Wealth Management LLC purchased a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 699 shares of the construction company's stock, valued at approximately $213,000.

A number of other institutional investors have also recently made changes to their positions in BLD. National Bank of Canada FI raised its stake in TopBuild by 183.9% during the fourth quarter. National Bank of Canada FI now owns 25,833 shares of the construction company's stock worth $8,043,000 after buying an additional 16,735 shares during the last quarter. Aristides Capital LLC acquired a new stake in TopBuild during the 4th quarter worth about $274,000. Federated Hermes Inc. raised its position in shares of TopBuild by 20.2% in the 4th quarter. Federated Hermes Inc. now owns 5,885 shares of the construction company's stock worth $1,832,000 after acquiring an additional 987 shares in the last quarter. 2Xideas AG lifted its stake in shares of TopBuild by 55.0% in the 4th quarter. 2Xideas AG now owns 30,871 shares of the construction company's stock valued at $9,611,000 after purchasing an additional 10,953 shares during the period. Finally, Invesco Ltd. boosted its position in shares of TopBuild by 14.6% during the 4th quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after purchasing an additional 75,713 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BLD shares. JPMorgan Chase & Co. raised their target price on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Bank of America raised their price objective on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. DA Davidson lowered their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Loop Capital increased their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Stephens reduced their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $387.27.

Insider Buying and Selling at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the sale, the insider owned 7,007 shares in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.43% of the stock is owned by corporate insiders.

TopBuild Stock Up 1.4%

TopBuild stock opened at $375.71 on Monday. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 4.84 and a beta of 1.63. The firm's fifty day moving average price is $332.91 and its two-hundred day moving average price is $316.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $436.99. The company has a current ratio of 2.02, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.81 EPS. On average, equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

TopBuild Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.

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