Brooklyn Investment Group Has $186,000 Holdings in TopBuild Corp. $BLD

Key Points

• Brooklyn Investment Group dramatically increased its position in TopBuild Corp. by 10,066.7%, acquiring 604 additional shares and bringing its total to 610 shares valued at approximately $186,000.
• Numerous hedge funds, including Algert Global LLC and Raymond James Financial Inc., have also boosted their stakes in TopBuild significantly, with hedge funds owning 95.67% of the company's stock.
• Recent analyst ratings have varied, with prices targets set between $320.00 and $444.00, indicating a generally favorable outlook with many analysts assigning a "buy" or "strong buy" rating.

Brooklyn Investment Group grew its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 10,066.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 610 shares of the construction company's stock after purchasing an additional 604 shares during the quarter. Brooklyn Investment Group's holdings in TopBuild were worth $186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLD. Raymond James Financial Inc. acquired a new stake in shares of TopBuild in the fourth quarter valued at about $6,410,000. Canada Pension Plan Investment Board acquired a new stake in shares of TopBuild in the fourth quarter valued at about $4,079,000. First Trust Advisors LP grew its position in shares of TopBuild by 24.9% in the fourth quarter. First Trust Advisors LP now owns 51,390 shares of the construction company's stock valued at $16,000,000 after purchasing an additional 10,237 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of TopBuild by 6.4% in the fourth quarter. MetLife Investment Management LLC now owns 16,649 shares of the construction company's stock valued at $5,184,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of TopBuild by 26.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,695 shares of the construction company's stock valued at $839,000 after purchasing an additional 564 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TopBuild news, insider Jeff M. Krestancic sold 373 shares of TopBuild stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total transaction of $154,795.00. Following the sale, the insider directly owned 4,934 shares of the company's stock, valued at approximately $2,047,610. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Luis Francisco Machado sold 990 shares of TopBuild 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 sale, the vice president directly owned 10,349 shares in the company, valued at $4,295,041.98. The trade was a 8.73% decrease in their ownership of the stock. 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 over the last ninety days. Company insiders own 0.43% of the company's stock.

TopBuild Price Performance

NYSE BLD traded up $18.5770 during trading on Friday, reaching $434.6670. 306,131 shares of the company traded hands, compared to its average volume of 412,540. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. The stock's 50 day moving average price is $371.48 and its two-hundred day moving average price is $324.74. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 5.81 and a beta of 1.63. 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 released its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. As a group, analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Ratings Changes

BLD has been the topic of a number of recent research reports. Benchmark lifted their target price on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Bank of America lifted their target price on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Seaport Res Ptn raised TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. DA Davidson decreased their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Loop Capital lifted their target price on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $394.67.

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.