Landscape Capital Management L.L.C. Purchases New Shares in TopBuild Corp. $BLD

Key Points

• Landscape Capital Management L.L.C. purchased a new stake in TopBuild Corp., buying 3,326 shares valued at approximately $1,014,000 in the first quarter.
• The stock has received varying analyst ratings, with one analyst giving it a Strong Buy rating, while eight others have assigned a Buy rating and four a Hold rating.
• TopBuild reported earnings of $5.31 per share for the last quarter, beating estimates, although their revenue decreased by 5% compared to the previous year.

Landscape Capital Management L.L.C. acquired a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,326 shares of the construction company's stock, valued at approximately $1,014,000.

Other institutional investors also recently modified their holdings of the company. Rafferty Asset Management LLC lifted its position in TopBuild by 4.3% during the first quarter. Rafferty Asset Management LLC now owns 21,371 shares of the construction company's stock valued at $6,517,000 after purchasing an additional 873 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd raised its position in shares of TopBuild by 32.9% during the 1st quarter. Taikang Asset Management Hong Kong Co Ltd now owns 21,089 shares of the construction company's stock valued at $6,431,000 after buying an additional 5,219 shares in the last quarter. Comerica Bank lifted its holdings in shares of TopBuild by 14.3% during the 1st quarter. Comerica Bank now owns 12,936 shares of the construction company's stock worth $3,945,000 after acquiring an additional 1,614 shares during the last quarter. SVB Wealth LLC purchased a new position in TopBuild in the first quarter worth $35,000. Finally, Advantage Alpha Capital Partners LP increased its stake in TopBuild by 8.1% in the first quarter. Advantage Alpha Capital Partners LP now owns 16,556 shares of the construction company's stock valued at $5,049,000 after acquiring an additional 1,241 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BLD. Benchmark lifted their price target on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Loop Capital boosted their target price on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Stephens reduced their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. DA Davidson decreased their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $394.67.

Insider Activity

In related news, VP Luis Francisco Machado sold 990 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.02, for a total value of $410,869.80. Following the sale, the vice president directly owned 10,349 shares of the company's stock, valued at $4,295,041.98. This trade represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert M. Kuhns sold 1,350 shares of the business'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 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 position. The disclosure for this sale can be found here. Insiders sold 13,663 shares of company stock worth $5,709,488 in the last quarter. Insiders own 0.43% of the company's stock.

TopBuild Trading Up 2.2%

TopBuild stock traded up $9.16 during trading hours on Thursday, reaching $426.74. The company had a trading volume of 49,302 shares, compared to its average volume of 365,448. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $445.74. The company has a 50-day moving average price of $389.52 and a 200 day moving average price of $329.96. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 5.63 and a beta of 1.61.

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 analysts' expectations of $1.30 billion. During the same quarter last year, the business earned $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. Equities analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.