TopBuild Corp. $BLD Shares Sold by Channing Capital Management LLC

Key Points

• Channing Capital Management LLC reduced its stake in TopBuild Corp. by 4.0% in Q1, holding 20,159 shares valued at approximately $6.15 million after selling 833 shares during the quarter.
• Despite some insiders selling shares, TopBuild received positive analyst ratings, with Bank of America increasing its price target from $320.00 to $400.00 while issuing a "buy" rating.
• TopBuild reported a quarterly earnings per share of $5.31, surpassing the consensus estimate of $5.07, despite a 5.0% decline in revenue compared to the previous year.

Channing Capital Management LLC lowered its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,159 shares of the construction company's stock after selling 833 shares during the period. Channing Capital Management LLC owned 0.07% of TopBuild worth $6,147,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of TopBuild during the fourth quarter worth about $6,410,000. Canada Pension Plan Investment Board acquired a new stake in TopBuild during the 4th quarter worth approximately $4,079,000. First Trust Advisors LP lifted its position 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 acquiring an additional 10,237 shares during the period. MetLife Investment Management LLC grew its stake in shares of TopBuild by 6.4% in the 4th 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 increased its holdings 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. 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 2,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the completion of the sale, the chief financial officer directly owned 15,633 shares of the company's stock, valued at approximately $6,504,891.30. This represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,313 shares of company stock valued at $5,118,903 in the last ninety days. Corporate insiders own 0.43% of the company's stock.

TopBuild Trading Up 4.5%

BLD stock traded up $18.5770 on Friday, hitting $434.6670. 306,131 shares of the company were exchanged, compared to its average volume of 412,540. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $445.74. The business's fifty day moving average is $371.48 and its two-hundred day moving average is $324.74. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 5.81 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 (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.07 by $0.24. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. DA Davidson lowered their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. UBS Group set a $370.00 price target on shares of TopBuild and gave the company a "hold" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Benchmark boosted their price target on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Stephens reduced their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus price target 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.