FORA Capital LLC Decreases Position in TopBuild Corp. $BLD

Key Points

• FORA Capital LLC has significantly cut its investment in TopBuild Corp. by 84.2%, now holding just 911 shares valued at $278,000.
• Institutional investors control a vast majority, 95.67%, of TopBuild's stock, with firms like T. Rowe Price and Dimensional Fund Advisors increasing their stakes.
• Despite a decline in year-over-year revenue of 5.0%, TopBuild reported an earnings per share of $5.31, surpassing estimates by $0.24.

FORA Capital LLC reduced its position in TopBuild Corp. (NYSE:BLD - Free Report) by 84.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 911 shares of the construction company's stock after selling 4,861 shares during the period. FORA Capital LLC's holdings in TopBuild were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. SVB Wealth LLC purchased a new position in shares of TopBuild in the 1st quarter worth $35,000. Parallel Advisors LLC increased its stake in TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock worth $39,000 after buying an additional 68 shares in the last quarter. Rossby Financial LCC purchased a new stake in TopBuild in the 1st quarter worth $50,000. MassMutual Private Wealth & Trust FSB increased its stake in TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock worth $57,000 after buying an additional 132 shares in the last quarter. Finally, Signaturefd LLC increased its stake in TopBuild by 170.1% in the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company's stock worth $80,000 after buying an additional 165 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on BLD. Bank of America increased their price objective on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. DA Davidson dropped their price objective 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. Loop Capital increased their price objective on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. UBS Group set a $370.00 price objective on shares of TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. Finally, Stephens dropped their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $394.67.

TopBuild Trading Down 1.2%

NYSE BLD traded down $5.21 during trading on Friday, hitting $420.25. The stock had a trading volume of 225,414 shares, compared to its average volume of 402,481. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 5.63 and a beta of 1.61. TopBuild Corp. has a one year low of $266.26 and a one year high of $445.74. The stock has a 50 day simple moving average of $383.88 and a 200 day simple moving average of $328.08.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The company's revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Activity at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.47, for a total value of $590,584.50. Following the completion of the transaction, the chief financial officer owned 14,283 shares in the company, valued at approximately $6,248,384.01. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Luis Francisco Machado sold 990 shares of the company's 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 transaction, the vice president owned 10,349 shares of the company's stock, valued at approximately $4,295,041.98. This trade represents a 8.73% decrease in their position. 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 three months. 0.43% of the stock is owned by corporate insiders.

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.