Argent Capital Management LLC Sells 1,197 Shares of TopBuild Corp. $BLD

Key Points

• Argent Capital Management LLC has reduced its ownership in TopBuild Corp. by 9.3%, selling 1,197 shares during the second quarter, leaving it with 11,629 shares valued at approximately $3.77 million.
• Several institutional investors have increased their positions in TopBuild Corp., with notable increases in holdings, including a 240.0% increase by MassMutual Private Wealth & Trust FSB.
• Analysts have raised price targets for TopBuild, with Bank of America setting a new target of $400.00 and a majority of analysts giving the stock a consensus rating of "Moderate Buy."

Argent Capital Management LLC cut its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,629 shares of the construction company's stock after selling 1,197 shares during the quarter. Argent Capital Management LLC's holdings in TopBuild were worth $3,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BLD. SVB Wealth LLC bought a new position in TopBuild during the first quarter worth $35,000. Parallel Advisors LLC lifted its stake in shares of TopBuild by 111.5% in the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after buying an additional 68 shares in the last quarter. Rossby Financial LCC bought a new position in shares of TopBuild in the first quarter valued at $50,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of TopBuild by 240.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after buying an additional 132 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of TopBuild by 170.1% in the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after buying an additional 165 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group set a $370.00 price objective on shares of TopBuild and gave the company a "hold" rating in a research note on Tuesday, August 5th. Bank of America raised their price objective on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Evercore ISI raised their price objective on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a research note on Wednesday, August 6th. Finally, Benchmark raised their price objective on shares of TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research note 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and an average target price of $394.67.

Insider Buying and Selling at TopBuild

In related news, CFO Robert M. Kuhns sold 2,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the completion of the transaction, the chief financial officer owned 15,633 shares of the company's stock, valued at approximately $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeff M. Krestancic sold 373 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the transaction, the insider directly owned 4,934 shares of the company's stock, valued at approximately $2,047,610. This represents a 7.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,663 shares of company stock worth $5,709,488 over the last three months. Company insiders own 0.43% of the company's stock.

TopBuild Price Performance

BLD opened at $402.39 on Tuesday. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 5.54 and a beta of 1.61. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $407.18 and a 200-day moving average price of $340.35. TopBuild Corp. has a twelve month low of $266.26 and a twelve month 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 for the quarter, topping the consensus estimate of $5.07 by $0.24. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Equities analysts expect that TopBuild Corp. will post 20.97 EPS for the current 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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