Kera Capital Partners Inc. Makes New $224,000 Investment in TopBuild Corp. $BLD

Key Points

• Kera Capital Partners Inc. has acquired a new stake in TopBuild Corp., buying 692 shares valued at approximately $224,000 in the second quarter.
• The company's Q2 earnings report indicated an EPS of $5.31, surpassing estimates, although revenue decreased by 5% year-over-year.
• Institutional investors hold 95.67% of TopBuild's shares, with several hedge funds recently increasing their positions in the company.

Kera Capital Partners Inc. acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 692 shares of the construction company's stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in TopBuild in the 1st quarter valued at approximately $35,000. Parallel Advisors LLC increased its position in TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares during the period. Rossby Financial LCC acquired a new position in TopBuild in the 1st quarter valued at approximately $50,000. MassMutual Private Wealth & Trust FSB increased its position in TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after acquiring an additional 132 shares during the period. Finally, Signaturefd LLC increased its position in TopBuild by 170.1% in the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after acquiring an additional 165 shares during the period. Institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BLD. Benchmark upped their price target on shares of 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 objective on shares of TopBuild and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Bank of America increased their price objective on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Evercore ISI raised their price target on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. One 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. According to data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and a consensus target price of $394.67.

Insider Activity

In related news, VP Luis Francisco Machado sold 990 shares of the business'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 completion of the transaction, the vice president owned 10,349 shares of the company's stock, valued at approximately $4,295,041.98. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeff M. Krestancic sold 373 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the transaction, the insider directly owned 4,934 shares of the company's stock, valued at approximately $2,047,610. This represents a 7.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock worth $5,709,488 in the last three months. Insiders own 0.43% of the company's stock.

TopBuild Stock Performance

Shares of BLD traded down $6.34 during trading hours on Friday, hitting $412.56. The company's stock had a trading volume of 105,379 shares, compared to its average volume of 362,371. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 5.51 and a beta of 1.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. The business has a 50 day simple moving average of $405.94 and a two-hundred day simple moving average of $338.41. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $445.74.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, topping 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 last year, the company earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, equities analysts expect that TopBuild Corp. will post 20.97 earnings per share 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.