Liontrust Investment Partners LLP Decreases Stake in TopBuild Corp. $BLD

Key Points

• Liontrust Investment Partners LLP reduced its stake in TopBuild Corp. by 5.8%, now holding 301,701 shares valued at approximately $92 million.
• The latest quarterly earnings report showed TopBuild Corp. achieving $5.31 earnings per share, surpassing expectations, though revenue declined 5.0% year-over-year.
• Analysts have varied price targets for TopBuild, with the consensus rating being a "Moderate Buy" and a price target of $394.67.

Liontrust Investment Partners LLP lowered its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 301,701 shares of the construction company's stock after selling 18,669 shares during the quarter. Liontrust Investment Partners LLP owned about 1.06% of TopBuild worth $92,004,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in TopBuild by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company's stock valued at $141,908,000 after acquiring an additional 93,011 shares during the last quarter. Boston Partners bought a new position in shares of TopBuild during the 1st quarter worth about $116,738,000. Russell Investments Group Ltd. boosted its position in shares of TopBuild by 11.7% during the 1st quarter. Russell Investments Group Ltd. now owns 21,366 shares of the construction company's stock worth $6,516,000 after purchasing an additional 2,246 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of TopBuild by 4.9% during the 1st quarter. HighTower Advisors LLC now owns 3,024 shares of the construction company's stock worth $922,000 after purchasing an additional 140 shares in the last quarter. Finally, Enhancing Capital LLC boosted its position in shares of TopBuild by 1.8% during the 1st quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company's stock worth $675,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Down 2.1%

NYSE BLD traded down $9.0890 during trading hours on Wednesday, hitting $424.4110. The company's stock had a trading volume of 47,805 shares, compared to its average volume of 368,866. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. The company has a market capitalization of $11.94 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 5.72 and a beta of 1.63. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The company's 50-day simple moving average is $364.33 and its two-hundred day simple moving average is $322.86.

TopBuild (NYSE:BLD - Get Free Report) last announced 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. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the firm earned $5.42 EPS. The firm'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. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BLD. Evercore ISI increased their price objective on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 6th. Stephens cut their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Benchmark increased their price objective on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Loop Capital increased their price objective on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, TopBuild presently has a consensus rating of "Moderate Buy" and an average price target of $394.67.

Insider Activity

In other TopBuild news, CEO Robert M. Buck sold 7,350 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 73,225 shares in the company, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction dated 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 sale, 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. In the last 90 days, insiders have sold 12,313 shares of company stock worth $5,118,903. Corporate 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.