Algert Global LLC Purchases 1,620 Shares of TopBuild Corp. $BLD

Key Points

• Algert Global LLC increased its holdings in TopBuild Corp. by 23.0% during the first quarter, owning 8,651 shares worth approximately $2.6 million after acquiring an additional 1,620 shares.
• Several institutional investors, including Parallel Advisors LLC and MassMutual Private Wealth & Trust FSB, have significantly raised their positions in TopBuild, demonstrating strong support for the company's stock.
• TopBuild reported $5.31 earnings per share for the latest quarter, surpassing analysts' expectations, but experienced a 5.0% decline in revenue year-over-year.

Algert Global LLC lifted its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 23.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,651 shares of the construction company's stock after purchasing an additional 1,620 shares during the period. Algert Global LLC's holdings in TopBuild were worth $2,638,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Snowden Capital Advisors LLC grew its stake in shares of TopBuild by 2.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after purchasing an additional 33 shares during the last quarter. Enhancing Capital LLC grew its stake in shares of TopBuild by 1.8% in the 1st quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company's stock worth $675,000 after purchasing an additional 39 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of TopBuild by 3.8% in the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after purchasing an additional 48 shares during the last quarter. Seascape Capital Management increased its position in shares of TopBuild by 0.7% in the first quarter. Seascape Capital Management now owns 7,989 shares of the construction company's stock worth $2,436,000 after acquiring an additional 52 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of TopBuild by 0.3% in the fourth quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock worth $5,678,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Activity

In related news, VP Luis Francisco Machado sold 990 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.02, for a total transaction of $410,869.80. Following the completion of the transaction, the vice president owned 10,349 shares of the company's stock, valued at approximately $4,295,041.98. The trade was a 8.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.19, for a total value of $3,051,646.50. Following the transaction, the chief executive officer directly owned 73,225 shares of the company's stock, valued at $30,402,287.75. This represents a 9.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,313 shares of company stock valued at $5,118,903 in the last quarter. 0.43% of the stock is currently owned by corporate insiders.

TopBuild Stock Down 1.0%

NYSE BLD traded down $4.41 during trading on Monday, reaching $429.81. The company's stock had a trading volume of 264,962 shares, compared to its average volume of 368,554. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $12.09 billion, a PE ratio of 21.18, a PEG ratio of 5.81 and a beta of 1.63. The business has a 50-day moving average price of $371.48 and a 200-day moving average price of $324.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $445.74.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The company's revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Loop Capital lifted their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Bank of America lifted their target price 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. Stephens dropped their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, Evercore ISI lifted their target price on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $394.67.

About TopBuild

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.