Candriam S.C.A. Buys 5,447 Shares of TopBuild Corp. $BLD

Key Points

• Candriam S.C.A. increased its stake in TopBuild Corp. by 55.2%, owning $4.67 million worth of stock after acquiring an additional 5,447 shares.
• TopBuild reported a quarterly EPS of $5.31, surpassing analysts' expectations of $5.07, despite a 5.0% revenue decrease compared to the previous year.
• Analysts have varying price targets for TopBuild, with JPMorgan Chase raising theirs to $398 and Bank of America setting it at $400, reflecting a generally positive outlook on the stock.

Candriam S.C.A. lifted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 55.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,316 shares of the construction company's stock after purchasing an additional 5,447 shares during the quarter. Candriam S.C.A. owned 0.05% of TopBuild worth $4,671,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in TopBuild in the fourth quarter valued at approximately $6,410,000. First Trust Advisors LP boosted its position in TopBuild by 24.9% during the fourth quarter. First Trust Advisors LP now owns 51,390 shares of the construction company's stock worth $16,000,000 after purchasing an additional 10,237 shares during the period. Tower Research Capital LLC TRC raised 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 period. Pinebridge Investments L.P. boosted its holdings in shares of TopBuild by 65.1% during the 4th quarter. Pinebridge Investments L.P. now owns 15,745 shares of the construction company's stock worth $4,902,000 after buying an additional 6,209 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in shares of TopBuild by 18.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 109,387 shares of the construction company's stock worth $34,056,000 after buying an additional 16,917 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TopBuild

In related news, insider Jeff M. Krestancic sold 373 shares of the company's 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 completion of the transaction, the insider owned 4,934 shares in the company, valued at $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Luis Francisco Machado sold 990 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total transaction of $410,869.80. Following the transaction, the vice president directly owned 10,349 shares in the company, valued at approximately $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 13,663 shares of company stock worth $5,709,488 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Benchmark upped their target price on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price target on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Bank of America raised 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. Finally, Loop Capital increased 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $394.67.

TopBuild Trading Down 0.8%

Shares of BLD traded down $3.40 during trading hours on Thursday, hitting $422.41. 62,663 shares of the stock were exchanged, compared to its average volume of 367,307. The firm has a market capitalization of $11.89 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 5.69 and a beta of 1.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The business has a 50-day moving average of $379.25 and a 200-day moving average of $326.74.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $5.42 earnings per share. The business's quarterly revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. On average, research analysts expect that TopBuild Corp. will post 20.97 EPS for the current 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.