719 Shares in TopBuild Corp. $BLD Bought by Optimize Financial Inc

Key Points

• Optimize Financial Inc acquired a new stake of 719 shares in TopBuild Corp., valued at approximately $219,000, as reported in their Form 13F filing with the SEC.
• Insider transactions revealed that CEO Robert M. Buck sold 7,350 shares worth over $3 million, resulting in a 9.12% decrease in their ownership stake.
• Analyst ratings for TopBuild include a recent upgrade to a "strong-buy" from Seaport Res Ptn, and several analysts have increased their price targets, with the consensus target set at $394.67.

Optimize Financial Inc acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 719 shares of the construction company's stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. boosted its stake in shares of TopBuild by 3.8% in the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after buying an additional 48 shares during the period. Tribune Investment Group LP purchased a new position in shares of TopBuild in the 1st quarter valued at about $7,319,000. Two Sigma Investments LP boosted its stake in shares of TopBuild by 192.7% in the 4th quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock valued at $5,407,000 after buying an additional 11,434 shares during the period. Ausbil Investment Management Ltd purchased a new position in shares of TopBuild in the 1st quarter valued at about $269,000. Finally, Valmark Advisers Inc. purchased a new position in shares of TopBuild in the 1st quarter valued at about $1,491,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

BLD has been the subject of several recent research reports. Loop Capital lifted their price objective on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Evercore ISI boosted their target price on TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. UBS Group set a $370.00 target price on TopBuild and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Finally, Bank of America boosted their target price on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $394.67.

TopBuild Stock Performance

BLD traded down $9.00 during trading on Friday, hitting $417.35. 166,103 shares of the stock were exchanged, compared to its average volume of 297,970. The firm has a market capitalization of $11.74 billion, a P/E ratio of 20.55, a PEG ratio of 5.70 and a beta of 1.61. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $445.74. The stock has a fifty day moving average price of $402.02 and a two-hundred day moving average price of $335.31. 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 quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate 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 firm's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Transactions at TopBuild

In other news, insider Jeff M. Krestancic sold 373 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the transaction, the insider owned 4,934 shares of the company's stock, valued at approximately $2,047,610. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 73,225 shares in the company, valued at approximately $30,402,287.75. The trade was a 9.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,663 shares of company stock worth $5,709,488. 0.43% of the stock is currently owned by corporate insiders.

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.