TopBuild Corp. $BLD Shares Acquired by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC increased its stake in TopBuild Corp. by 4.3% in the first quarter, owning approximately $6.52 million worth of the stock.
• TopBuild reported earnings of $5.31 EPS for the last quarter, surpassing analysts' expectations, despite a revenue decline of 5% compared to the previous year.
• Institutional investors own about 95.67% of TopBuild's stock, highlighting strong support from large financial entities.

Rafferty Asset Management LLC increased its position in TopBuild Corp. (NYSE:BLD - Free Report) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 21,371 shares of the construction company's stock after purchasing an additional 873 shares during the period. Rafferty Asset Management LLC owned 0.07% of TopBuild worth $6,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. SVB Wealth LLC purchased a new stake in TopBuild during the 1st quarter valued at approximately $35,000. Parallel Advisors LLC raised its stake in TopBuild by 111.5% during the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. Rossby Financial LCC purchased a new stake in TopBuild during the 1st quarter valued at approximately $50,000. MassMutual Private Wealth & Trust FSB raised its stake in TopBuild by 240.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after acquiring an additional 132 shares during the last quarter. Finally, Signaturefd LLC raised its stake in TopBuild by 170.1% during the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after acquiring an additional 165 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Down 1.2%

Shares of NYSE:BLD traded down $5.21 during midday trading on Friday, reaching $420.25. The company's stock had a trading volume of 225,414 shares, compared to its average volume of 402,481. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 5.63 and a beta of 1.61. 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 1 year low of $266.26 and a 1 year high of $445.74. The business has a 50 day moving average price of $383.88 and a 200 day moving average price of $328.08.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The business's revenue for the quarter was down 5.0% on a year-over-year basis. 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. Research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Transactions at TopBuild

In other TopBuild news, insider Jeff M. Krestancic sold 373 shares of the business's 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $3,051,646.50. Following the sale, the chief executive officer directly 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 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 three months. 0.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BLD has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased 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. Evercore ISI increased 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. Stephens dropped their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Loop Capital lifted their price objective on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Seaport Res Ptn raised TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. One equities research 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 presently has an average 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.