New Vernon Capital Holdings II LLC Acquires Shares of 247,924 TopBuild Corp. $BLD

Key Points

• New Vernon Capital Holdings II LLC acquired a new stake in TopBuild Corp. valued at approximately $75.6 million, making it the firm's 19th largest position in their portfolio.
• CEO Robert M. Buck sold 7,350 shares of TopBuild stock for over $3 million, reducing his ownership by 9.12%.
• TopBuild Corp. reported earnings of $5.31 per share in the latest quarter, exceeding estimates and setting FY 2025 guidance for continued earnings growth.

New Vernon Capital Holdings II LLC bought a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 247,924 shares of the construction company's stock, valued at approximately $75,604,000. TopBuild makes up about 0.3% of New Vernon Capital Holdings II LLC's investment portfolio, making the stock its 19th biggest position. New Vernon Capital Holdings II LLC owned about 0.87% of TopBuild as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC bought a new position in TopBuild during the first quarter valued at approximately $35,000. Parallel Advisors LLC grew its position in TopBuild by 111.5% during the first 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 last quarter. Rossby Financial LCC bought a new position in TopBuild during the first quarter valued at approximately $50,000. MassMutual Private Wealth & Trust FSB grew its position 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 acquiring an additional 132 shares during the last quarter. Finally, Raiffeisen Bank International AG bought a new position in TopBuild during the fourth quarter valued at approximately $81,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Down 0.8%

NYSE:BLD traded down $3.54 during trading hours on Wednesday, hitting $417.12. The company had a trading volume of 113,283 shares, compared to its average volume of 364,285. The company has a market capitalization of $11.74 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 5.80 and a beta of 1.61. The stock has a 50-day moving average price of $397.62 and a 200 day moving average price of $333.14. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. 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 (NYSE:BLD - Get Free Report) last released 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. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, equities research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Evercore ISI raised their target price 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. Loop Capital raised their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, UBS Group set a $370.00 target price on shares of TopBuild and gave the stock a "hold" rating in a report on Tuesday, August 5th. One investment 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $394.67.

Insider Activity at TopBuild

In related news, insider Jeff M. Krestancic sold 373 shares of TopBuild stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total value of $154,795.00. Following the sale, the insider owned 4,934 shares in the company, valued at $2,047,610. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert M. Kuhns sold 1,350 shares of TopBuild stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the sale, the chief financial officer owned 14,283 shares in the company, valued at approximately $6,248,384.01. This trade represents a 8.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,663 shares of company stock worth $5,709,488. 0.43% of the stock is currently owned by insiders.

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.