Callan Family Office LLC Invests $337,000 in TopBuild Corp. $BLD

Key Points

• Callan Family Office LLC has invested approximately $337,000 in a new position in TopBuild Corp., acquiring 1,040 shares in the second quarter.
• Insider trading has been observed, with CFO Robert M. Kuhns selling 1,350 shares for around $590,584, indicating an 8.64% decrease in his position.
• TopBuild's stock rating has improved, with analysts upgrading it to a "strong-buy" and setting a consensus price target of $402.91.

Callan Family Office LLC acquired a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,040 shares of the construction company's stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also made changes to their positions in BLD. SVB Wealth LLC acquired a new stake in shares of TopBuild during the first quarter worth $35,000. Rossby Financial LCC acquired a new stake in shares of TopBuild during the first quarter worth $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TopBuild during the second quarter worth $63,000. Signaturefd LLC lifted its stake in shares of TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock worth $80,000 after buying an additional 165 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of TopBuild by 22.6% during the first quarter. Fifth Third Bancorp now owns 358 shares of the construction company's stock worth $109,000 after buying an additional 66 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TopBuild

In related news, CFO Robert M. Kuhns sold 1,350 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the sale, the chief financial officer owned 14,283 shares of the company's stock, valued at approximately $6,248,384.01. This represents a 8.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.02, for a total transaction of $410,869.80. Following the sale, the vice president directly owned 10,349 shares of the company's stock, valued at approximately $4,295,041.98. This represents a 8.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock worth $5,709,488 in the last 90 days. 0.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on BLD shares. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Loop Capital boosted their target price on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a "hold" rating in a research report on Tuesday, August 5th. Evercore ISI boosted their target price on shares of TopBuild from $424.00 to $449.00 and gave the company an "in-line" rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $402.91.

TopBuild Stock Up 0.5%

BLD opened at $441.29 on Thursday. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $445.94. 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 company has a 50-day moving average price of $417.64 and a 200 day moving average price of $351.85. The company has a market cap of $12.42 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 4.58 and a beta of 1.66.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly 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. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $5.42 EPS. The company's revenue for the quarter was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. Sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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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