Boston Partners Takes $116.74 Million Position in TopBuild Corp. $BLD

Key Points

• Boston Partners has acquired a new stake in TopBuild Corp. (NYSE: BLD), purchasing 382,862 shares valued at approximately $116.7 million, representing 1.34% of the company's stock.
• Insider transactions indicate a decrease in ownership among executives, with notable sales occurring on August 7, 2023, including 373 shares sold by Jeff M. Krestancic for about $154,795.
• Wall Street analysts have varying opinions on TopBuild, with price targets ranging from $320 to $444, and the stock currently has a consensus rating of "Moderate Buy".

Boston Partners acquired a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 382,862 shares of the construction company's stock, valued at approximately $116,738,000. Boston Partners owned approximately 1.34% of TopBuild at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Parallel Advisors LLC increased its holdings in TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after buying an additional 68 shares during the period. Rossby Financial LCC acquired a new stake in shares of TopBuild during the 1st quarter valued at about $50,000. MassMutual Private Wealth & Trust FSB increased its stake in 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 acquiring an additional 132 shares during the period. Raiffeisen Bank International AG acquired a new position in TopBuild in the fourth quarter worth about $81,000. Finally, Signaturefd LLC lifted its stake in TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock worth $80,000 after purchasing an additional 165 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

Shares of TopBuild stock traded down $4.38 during midday trading on Monday, reaching $427.72. The company had a trading volume of 384,265 shares, compared to its average volume of 371,707. 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 fifty day simple moving average of $359.33 and a 200 day simple moving average of $321.49. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $445.74. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 5.78 and a beta of 1.63.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.07 by $0.24. The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%. The business's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the firm earned $5.42 EPS. As a group, equities research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Transactions at TopBuild

In related news, VP Luis Francisco Machado sold 990 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the transaction, the vice president directly owned 10,349 shares in the company, valued at $4,295,041.98. This represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert M. Kuhns sold 2,000 shares of the firm'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 directly owned 15,633 shares in the company, valued at approximately $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,313 shares of company stock valued at $5,118,903. 0.43% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America upped their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Benchmark upped their price target on TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price objective on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Finally, Loop Capital upped their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TopBuild presently has an average rating of "Moderate Buy" and an average price target 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.