Nissay Asset Management Corp Japan ADV Sells 6,076 Shares of TopBuild Corp. $BLD

Key Points

• Nissay Asset Management Corp Japan ADV reduced its stake in TopBuild Corp. by 21.6%, selling 6,076 shares and now holding 22,104 shares valued at approximately $6.74 million.
• Multiple hedge funds, including QRG Capital Management Inc. and Two Sigma Investments LP, have altered their positions in TopBuild, highlighting continued interest from institutional investors that own 95.67% of the stock.
• TopBuild's recent earnings report showed an EPS of $5.31, exceeding analyst projections, despite a 5% decline in revenue compared to the previous year.

Nissay Asset Management Corp Japan ADV trimmed its position in TopBuild Corp. (NYSE:BLD - Free Report) by 21.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,104 shares of the construction company's stock after selling 6,076 shares during the quarter. Nissay Asset Management Corp Japan ADV owned 0.08% of TopBuild worth $6,741,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. QRG Capital Management Inc. increased its stake in TopBuild by 3.8% in the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after acquiring an additional 48 shares during the last quarter. Tribune Investment Group LP bought a new stake in shares of TopBuild during the first quarter worth $7,319,000. Two Sigma Investments LP grew its stake in shares of TopBuild by 192.7% during the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock worth $5,407,000 after buying an additional 11,434 shares during the last quarter. Ausbil Investment Management Ltd bought a new stake in shares of TopBuild during the first quarter worth $269,000. Finally, Valmark Advisers Inc. bought a new stake in shares of TopBuild during the first quarter worth $1,491,000. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Benchmark boosted their target price on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. UBS Group set a $370.00 target price on shares of TopBuild and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Loop Capital boosted their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Evercore ISI boosted their target price on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $394.67.

TopBuild Price Performance

Shares of NYSE:BLD opened at $434.48 on Friday. The firm has a market cap of $12.23 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 5.82 and a beta of 1.61. The firm's fifty day moving average is $393.88 and its 200-day moving average is $331.54. 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 Corp. has a 52 week low of $266.26 and a 52 week high of $445.74.

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, topping 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 net margin of 11.40% and a return on equity of 28.32%. TopBuild's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Activity

In related news, CEO Robert M. Buck sold 7,350 shares of the business's stock in a transaction on 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 transaction, the chief executive officer owned 73,225 shares in the company, valued at $30,402,287.75. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert M. Kuhns sold 2,000 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the completion of the transaction, the chief financial officer owned 15,633 shares in the company, valued at approximately $6,504,891.30. The trade was a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,663 shares of company stock worth $5,709,488 in the last three months. Corporate insiders own 0.43% of the company's stock.

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.

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