Chicago Partners Investment Group LLC Takes $189,000 Position in TopBuild Corp. $BLD

Chicago Partners Investment Group LLC bought a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 585 shares of the construction company's stock, valued at approximately $189,000.

A number of other large investors have also recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of TopBuild during the 2nd quarter valued at about $3,069,000. Nordea Investment Management AB boosted its stake in shares of TopBuild by 148.6% during the 2nd quarter. Nordea Investment Management AB now owns 84,834 shares of the construction company's stock valued at $27,478,000 after purchasing an additional 50,714 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of TopBuild by 14.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 16,681 shares of the construction company's stock valued at $5,400,000 after purchasing an additional 2,148 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of TopBuild by 11.0% during the 2nd quarter. Ritholtz Wealth Management now owns 1,714 shares of the construction company's stock valued at $555,000 after purchasing an additional 170 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its stake in TopBuild by 6.7% during the second quarter. Boston Trust Walden Corp now owns 149,335 shares of the construction company's stock worth $48,346,000 after acquiring an additional 9,314 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Activity at TopBuild

In other news, CFO Robert M. Kuhns sold 2,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 15,633 shares of the company's stock, valued at $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the company's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,663 shares of company stock valued at $5,709,488 over the last ninety days. Company insiders own 0.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of TopBuild from $424.00 to $449.00 and gave the stock an "in-line" rating in a research note on Thursday, October 9th. The Goldman Sachs Group boosted their price objective on shares of TopBuild from $450.00 to $510.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Truist Financial boosted their price objective on shares of TopBuild from $370.00 to $390.00 and gave the stock a "hold" rating in a research note on Thursday, October 9th. Loop Capital boosted their price objective on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, UBS Group set a $370.00 price objective on shares of TopBuild and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and a consensus price target of $412.50.

TopBuild Trading Up 0.6%

Shares of NYSE BLD opened at $452.32 on Friday. The firm's 50 day moving average price is $420.00 and its 200-day moving average price is $359.58. The company has a market cap of $12.73 billion, a PE ratio of 22.27, a P/E/G ratio of 4.73 and a beta of 1.66. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $461.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83.

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 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 the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $5.42 earnings per share. The business's revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. On average, equities research analysts expect that TopBuild Corp. will post 20.97 EPS 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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