TopBuild Corp. $BLD Holdings Reduced by Nissay Asset Management Corp Japan ADV

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 decreased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 21.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 0.08% of TopBuild worth $6,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. lifted its holdings in shares of TopBuild by 3.8% during the 1st 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 in the last quarter. Tribune Investment Group LP acquired a new position in TopBuild in the 1st quarter worth $7,319,000. Two Sigma Investments LP lifted its holdings in TopBuild by 192.7% in the 4th 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 in the last quarter. Ausbil Investment Management Ltd acquired a new position in TopBuild in the 1st quarter worth $269,000. Finally, Valmark Advisers Inc. acquired a new position in TopBuild in the 1st quarter worth $1,491,000. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Down 2.2%

Shares of BLD traded down $9.53 during midday trading on Friday, hitting $416.83. The company had a trading volume of 47,050 shares, compared to its average volume of 363,223. The company's 50 day moving average price is $400.63 and its 200 day moving average price is $334.58. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 5.59 and a beta of 1.61. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.07 by $0.24. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The company's revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.42 EPS. 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 year.

Insider Buying and Selling at TopBuild

In related news, CEO Robert M. Buck sold 7,350 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of the sale, the chief executive officer owned 73,225 shares of the company's stock, valued at $30,402,287.75. This represents a 9.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 approximately $4,295,041.98. This represents a 8.73% 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. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of recent analyst reports. Loop Capital boosted their price objective on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Evercore ISI boosted their price objective 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. UBS Group set a $370.00 price objective on shares of TopBuild and gave the stock a "hold" rating in a report on Tuesday, August 5th. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $394.67.

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.