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

Several other institutional investors have also made changes to their positions in the stock. Snowden Capital Advisors LLC boosted its stake 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 buying an additional 33 shares during the period. Enhancing Capital LLC raised its position in TopBuild by 1.8% during the first quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company's stock valued at $675,000 after purchasing an additional 39 shares in the last quarter. QRG Capital Management Inc. raised its position in TopBuild by 3.8% during 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 in the last quarter. Seascape Capital Management raised its position in TopBuild by 0.7% during 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 in the last quarter. Finally, Janus Henderson Group PLC raised its position in TopBuild by 0.3% during 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 in the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Down 1.2%

BLD traded down $5.10 during trading on Monday, reaching $412.27. 94,779 shares of the stock traded hands, compared to its average volume of 362,325. The stock has a market capitalization of $11.60 billion, a PE ratio of 20.27, a P/E/G ratio of 5.58 and a beta of 1.61. The stock's 50-day moving average is $402.02 and its 200 day moving average is $335.74. 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 Corp. has a 12 month low of $266.26 and a 12 month high of $445.74.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share (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 analysts' expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business's revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. Equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Buying and Selling at TopBuild

In related news, CEO Robert M. Buck sold 7,350 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert M. Kuhns sold 2,000 shares of the 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 completion of the sale, the chief financial officer owned 15,633 shares of the company's stock, valued at approximately $6,504,891.30. This trade represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock worth $5,709,488 in the last quarter. 0.43% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on BLD shares. Loop Capital boosted their price objective on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Benchmark boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Bank of America boosted their price objective on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Evercore ISI upped their price target 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. 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. Based on data from MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and a consensus price target of $394.67.

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.