Flputnam Investment Management Co. Buys 911 Shares of TopBuild Corp. $BLD

Key Points

• Flputnam Investment Management Co. increased its holdings in TopBuild Corp. by 16.7% in Q1, now owning 6,363 shares valued at approximately $1.94 million.
• TopBuild's CFO and VP sold significant shares recently, with CFO Robert M. Kuhns selling 2,000 shares for over $832,000, indicating a 11.34% decrease in ownership.
• A mix of analysts have upgraded TopBuild's stock ratings, with new target prices ranging from $360 to $418, reflecting positive sentiment and an average rating of "Moderate Buy".

Flputnam Investment Management Co. boosted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,363 shares of the construction company's stock after buying an additional 911 shares during the period. Flputnam Investment Management Co.'s holdings in TopBuild were worth $1,940,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BLD. SVB Wealth LLC purchased a new stake in shares of TopBuild during the 1st quarter valued at $35,000. Parallel Advisors LLC raised its position in shares of TopBuild by 111.5% during the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after buying an additional 68 shares in the last quarter. Rossby Financial LCC purchased a new stake in TopBuild during the first quarter valued at about $50,000. MassMutual Private Wealth & Trust FSB raised its position in TopBuild by 240.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after purchasing an additional 132 shares in the last quarter. Finally, Signaturefd LLC raised its position in TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Trading Up 1.2%

Shares of NYSE:BLD traded up $5.06 on Friday, reaching $434.48. 387,752 shares of the company traded hands, compared to its average volume of 322,768. The business's 50-day simple moving average is $393.88 and its 200 day simple moving average is $331.61. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. The stock has a market capitalization of $12.23 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 5.82 and a beta of 1.61. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.30 billion. During the same period last year, the firm earned $5.42 earnings per share. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of research reports. Bank of America raised their price target on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Benchmark raised their price target on TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. UBS Group set a $370.00 price target on TopBuild and gave the company a "hold" rating in a research report on Tuesday, August 5th. Evercore ISI raised their price target on TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $394.67.

Insider Activity

In other news, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the sale, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.02, for a total transaction of $410,869.80. Following the sale, the vice president 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. In the last ninety days, insiders have sold 13,663 shares of company stock valued at $5,709,488. Company insiders own 0.43% of the company's stock.

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.