Hsbc Holdings PLC Sells 810 Shares of TopBuild Corp. $BLD

Key Points

• HSBC Holdings PLC reduced its stake in TopBuild Corp. by 28.0%, selling 810 shares during the first quarter, leaving them with 2,078 shares valued at $633,000.
• TopBuild reported earnings of $5.31 per share for the last quarter, exceeding estimates, even though year-over-year revenue decreased by 5.0%.
• Multiple analysts have recently upgraded their ratings for TopBuild, with the stock currently holding a consensus rating of Moderate Buy and a price target of $394.67.

Hsbc Holdings PLC decreased its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 28.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,078 shares of the construction company's stock after selling 810 shares during the quarter. Hsbc Holdings PLC's holdings in TopBuild were worth $633,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in 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 purchasing an additional 68 shares during the period. Rossby Financial LCC bought a new position in shares of TopBuild during the first quarter valued at approximately $50,000. MassMutual Private Wealth & Trust FSB increased its holdings 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 buying an additional 132 shares during the period. Signaturefd LLC raised its stake in TopBuild by 170.1% in the first 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. Finally, Raiffeisen Bank International AG purchased a new stake in TopBuild during the fourth quarter worth $81,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of BLD opened at $420.25 on Monday. The business's 50-day moving average is $383.88 and its two-hundred day moving average is $328.08. The company has a market capitalization of $11.83 billion, a P/E ratio of 20.69, a P/E/G ratio of 5.63 and a beta of 1.61. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. 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 quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. Research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLD has been the subject of several recent research reports. Benchmark boosted their price target on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. DA Davidson reduced their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. UBS Group set a $370.00 price target on shares of TopBuild and gave the stock a "hold" rating in a report on Tuesday, August 5th. Finally, Loop Capital increased their price objective on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus price target of $394.67.

Insider Activity

In other TopBuild news, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total value of $3,051,646.50. Following the completion of the transaction, the chief executive officer owned 73,225 shares of the company's stock, valued at approximately $30,402,287.75. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert M. Kuhns sold 1,350 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $437.47, for a total transaction of $590,584.50. Following the sale, the chief financial officer directly owned 14,283 shares in the company, valued at approximately $6,248,384.01. The trade was a 8.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,663 shares of company stock worth $5,709,488 over the last 90 days. Company insiders own 0.43% of the company's stock.

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.

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