Mutual of America Capital Management LLC Sells 958 Shares of TopBuild Corp. $BLD

Key Points

• Mutual of America Capital Management LLC reduced its stake in TopBuild Corp. by 6.3%, selling 958 shares, leaving it with a total of 14,132 shares valued at approximately $4.57 million.
• Insider selling occurred at TopBuild with VP Luis Francisco Machado selling 990 shares and another insider selling 373 shares, reflecting a decrease in their respective ownership positions.
• Analysts have varying opinions on TopBuild, with several recent price targets set between $370.00 and $517.96, and a consensus rating of "Moderate Buy" with an average target price of $412.50.

Mutual of America Capital Management LLC decreased its position in TopBuild Corp. (NYSE:BLD - Free Report) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,132 shares of the construction company's stock after selling 958 shares during the quarter. Mutual of America Capital Management LLC's holdings in TopBuild were worth $4,575,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. SVB Wealth LLC bought a new position in shares of TopBuild in the first quarter worth about $35,000. Rossby Financial LCC bought a new position in TopBuild in the 1st quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. bought a new position in TopBuild in the 2nd quarter worth approximately $63,000. Blue Trust Inc. increased its position in TopBuild by 21.7% during the second quarter. Blue Trust Inc. now owns 224 shares of the construction company's stock worth $73,000 after acquiring an additional 40 shares during the period. Finally, Signaturefd LLC increased its position in TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock worth $80,000 after acquiring an additional 165 shares during the period. Institutional investors own 95.67% of the company's stock.

Insider Buying and Selling at TopBuild

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

Analyst Upgrades and Downgrades

BLD has been the topic of several research reports. Vertical Research began coverage on shares of TopBuild in a report on Tuesday. They set a "buy" rating and a $517.96 price objective on the stock. UBS Group set a $370.00 price target on TopBuild and gave the company a "hold" rating in a research report on Tuesday, August 5th. Truist Financial increased their price target on TopBuild from $370.00 to $390.00 and gave the stock a "hold" rating in a research report on Thursday, October 9th. Evercore ISI increased their price objective on shares of TopBuild from $424.00 to $449.00 and gave the stock an "in-line" rating in a report on Thursday, October 9th. Finally, Bank of America increased their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and an average target price of $412.50.

TopBuild Stock Performance

Shares of BLD opened at $443.23 on Thursday. The firm has a market cap of $12.47 billion, a P/E ratio of 21.82, a PEG ratio of 4.69 and a beta of 1.66. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $456.21. The firm's 50 day moving average price is $419.39 and its two-hundred day moving average price is $356.63. 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 results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.

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