Robeco Institutional Asset Management B.V. Acquires 1,550 Shares of TopBuild Corp. $BLD

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in TopBuild Corp. by 2.4%, acquiring an additional 1,550 shares, bringing its total ownership to 65,970 shares valued at approximately $21.36 million.
• Several institutional investors, including Truist Financial and Ausbil Investment Management, reported significant increases in their holdings of TopBuild during the same quarter.
• Analysts have lifted their price targets for TopBuild, with Bank of America setting a target of $400, while the company reported a quarterly EPS of $5.31, exceeding estimates, despite a decline in year-over-year revenue.

Robeco Institutional Asset Management B.V. grew its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,970 shares of the construction company's stock after acquiring an additional 1,550 shares during the period. Robeco Institutional Asset Management B.V. owned 0.23% of TopBuild worth $21,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Truist Financial Corp boosted its position in TopBuild by 9.7% during the second quarter. Truist Financial Corp now owns 3,649 shares of the construction company's stock valued at $1,181,000 after purchasing an additional 322 shares during the last quarter. Ausbil Investment Management Ltd boosted its holdings in shares of TopBuild by 92.9% in the 2nd quarter. Ausbil Investment Management Ltd now owns 1,703 shares of the construction company's stock valued at $551,000 after buying an additional 820 shares during the last quarter. Old North State Wealth Management LLC bought a new position in shares of TopBuild in the second quarter valued at $350,000. Retirement Guys Formula LLC acquired a new position in TopBuild during the second quarter worth $203,000. Finally, Seascape Capital Management increased its holdings in TopBuild by 13.8% during the second quarter. Seascape Capital Management now owns 9,090 shares of the construction company's stock worth $2,943,000 after buying an additional 1,101 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BLD shares. Bank of America lifted 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. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a "hold" rating in a research note on Tuesday, August 5th. Weiss Ratings reissued a "hold (c+)" rating on shares of TopBuild in a research report on Saturday, September 27th. Evercore ISI cut their price objective on TopBuild from $425.00 to $424.00 and set an "in-line" rating for the company in a research report on Monday, September 29th. Finally, Benchmark boosted their target price on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $395.17.

Insider Buying and Selling at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the transaction, the chief financial officer owned 14,283 shares in the company, valued at $6,248,384.01. This represents a 8.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeff M. Krestancic sold 373 shares of the firm'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 transaction of $154,795.00. Following the transaction, the insider directly owned 4,934 shares in the company, valued at $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,663 shares of company stock worth $5,709,488. Insiders own 0.43% of the company's stock.

TopBuild Price Performance

TopBuild stock opened at $399.57 on Friday. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 5.36 and a beta of 1.66. The company has a current ratio of 2.83, a quick ratio of 2.29 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. The stock's 50 day moving average is $411.75 and its 200-day moving average is $345.82.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.24. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company posted $5.42 EPS. The firm's quarterly revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. Equities research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

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.

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