Nuveen LLC Takes Position in TopBuild Corp. $BLD

Key Points

• Nuveen LLC acquired approximately $41.38 million worth of TopBuild Corp. shares, representing a new stake of 135,684 shares, which is about 0.47% of the company's total stock.
• CEO Robert M. Buck sold 7,350 shares of TopBuild stock for over $3 million, reducing his ownership share by 9.12% following the transaction.
• TopBuild reported an earnings per share (EPS) of $5.31 for the last quarter, exceeding analysts' expectations of $5.07, but noted a 5% decline in revenue year-over-year.

Nuveen LLC acquired a new position in TopBuild Corp. (NYSE:BLD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 135,684 shares of the construction company's stock, valued at approximately $41,377,000. Nuveen LLC owned 0.47% of TopBuild at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Snowden Capital Advisors LLC grew its position in shares of TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock valued at $429,000 after purchasing an additional 33 shares during the period. QRG Capital Management Inc. grew its position in shares of 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 purchasing an additional 48 shares during the period. Seascape Capital Management grew its position in shares of TopBuild by 0.7% in the first quarter. Seascape Capital Management now owns 7,989 shares of the construction company's stock valued at $2,436,000 after purchasing an additional 52 shares during the period. Janus Henderson Group PLC grew its position in shares of TopBuild by 0.3% in the fourth quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after purchasing an additional 54 shares during the period. Finally, Fortem Financial Group LLC grew its position in shares of TopBuild by 1.2% in the first quarter. Fortem Financial Group LLC now owns 5,300 shares of the construction company's stock valued at $1,616,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Price Performance

Shares of NYSE:BLD traded down $4.6860 during midday trading on Thursday, hitting $416.0640. The company's stock had a trading volume of 264,308 shares, compared to its average volume of 416,730. The business's 50 day simple moving average is $368.77 and its 200 day simple moving average is $324.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. The company has a market cap of $11.71 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 5.63 and a beta of 1.63. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $445.74.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly 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. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $5.42 earnings per share. The company's revenue for the quarter was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. On average, analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Activity

In other TopBuild news, CFO Robert M. Kuhns sold 2,000 shares of TopBuild stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the transaction, the chief financial officer directly owned 15,633 shares of the company's stock, valued at $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeff M. Krestancic sold 373 shares of TopBuild 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 transaction, 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. Insiders sold 12,313 shares of company stock valued at $5,118,903 over the last three months. 0.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BLD shares. Benchmark lifted their target price on shares of TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Evercore ISI lifted their target price on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a "hold" rating in a research report on Tuesday, August 5th. DA Davidson decreased their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Bank of America raised their price target on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $394.67.

TopBuild Company 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.