TopBuild Corp. $BLD Shares Bought by Candriam S.C.A.

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. grew its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 55.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,316 shares of the construction company's stock after acquiring an additional 5,447 shares during the period. Candriam S.C.A. owned about 0.05% of TopBuild worth $4,671,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BLD. Raymond James Financial Inc. purchased a new stake in shares of TopBuild in the 4th quarter valued at approximately $6,410,000. First Trust Advisors LP increased its stake in TopBuild by 24.9% during the 4th quarter. First Trust Advisors LP now owns 51,390 shares of the construction company's stock worth $16,000,000 after buying an additional 10,237 shares during the period. Tower Research Capital LLC TRC increased its stake in TopBuild by 26.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,695 shares of the construction company's stock worth $839,000 after buying an additional 564 shares during the period. Pinebridge Investments L.P. increased its stake in 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. increased its stake in 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 owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLD has been the topic of several recent research reports. Evercore ISI upped their target price on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 6th. UBS Group set a $370.00 target price on shares of TopBuild and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Bank of America upped their target price 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. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, DA Davidson lowered their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $394.67.

Insider Activity at TopBuild

In other news, CFO Robert M. Kuhns sold 1,350 shares of TopBuild stock in a transaction that occurred on 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 directly owned 14,283 shares in the company, valued at approximately $6,248,384.01. This trade represents a 8.64% decrease in their position. The transaction 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 business's stock in a transaction that occurred on Thursday, August 7th. The stock was 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. This trade represents a 8.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,663 shares of company stock worth $5,709,488 over the last three months. 0.43% of the stock is currently owned by company insiders.

TopBuild Stock Performance

BLD traded down $4.27 on Tuesday, hitting $425.31. 330,036 shares of the company traded hands, compared to its average volume of 369,297. TopBuild Corp. has a 12-month low of $266.26 and a 12-month 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 company has a 50 day moving average of $374.05 and a 200-day moving average of $325.35. The stock has a market capitalization of $11.97 billion, a PE ratio of 20.94, a PEG ratio of 5.81 and a beta of 1.63.

TopBuild (NYSE:BLD - Get Free Report) last issued 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 return on equity of 28.32% and a net margin of 11.40%.The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $5.42 earnings per share. 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 anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

TopBuild Company 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.