Boston Trust Walden Corp Grows Stake in TopBuild Corp. $BLD

Key Points

• Boston Trust Walden Corp has increased its stake in TopBuild Corp. (NYSE: BLD) by 6.7% in Q2, now owning approximately 149,335 shares valued at $48.35 million.
• Brokerages have raised price targets for TopBuild, with Bank of America setting a new target of $400 and Evercore ISI lifting it to $449, reflecting strong analyst support for the stock.
• TopBuild's recent quarterly earnings showed an EPS of $5.31, exceeding expectations, despite a 5.0% decline in revenue compared to the previous year.

Boston Trust Walden Corp increased its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,335 shares of the construction company's stock after acquiring an additional 9,314 shares during the period. Boston Trust Walden Corp owned approximately 0.52% of TopBuild worth $48,346,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BLD. SVB Wealth LLC bought a new stake in TopBuild in the first quarter worth about $35,000. Rossby Financial LCC bought a new stake in TopBuild in the first quarter worth about $50,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in TopBuild in the second quarter worth about $63,000. Blue Trust Inc. lifted its stake in TopBuild by 21.7% in the second quarter. Blue Trust Inc. now owns 224 shares of the construction company's stock worth $73,000 after purchasing an additional 40 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in TopBuild by 170.1% in 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 last quarter. Institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BLD. 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 note on Wednesday, July 9th. Evercore ISI lifted their price target on shares of TopBuild from $424.00 to $449.00 and gave the company an "in-line" rating in a research note on Thursday, October 9th. Truist Financial lifted their price target on shares of TopBuild from $370.00 to $390.00 and gave the company a "hold" rating in a research note on Thursday, October 9th. Benchmark lifted their price target 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. Finally, UBS Group set a $370.00 price target on shares of TopBuild and gave the company a "hold" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $402.91.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $439.29 on Wednesday. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 4.43 and a beta of 1.66. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. 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 of $416.88 and a 200 day moving average of $351.23.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $0.24. The company 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%. TopBuild's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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 value 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 $6,504,891.30. The trade was a 11.34% 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, CEO Robert M. Buck sold 7,350 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of the transaction, the chief executive officer directly owned 73,225 shares of the company's stock, valued at $30,402,287.75. This trade represents a 9.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,663 shares of company stock worth $5,709,488. 0.43% of the stock is currently owned by corporate insiders.

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.

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