Silver Oak Securities Incorporated Buys Shares of 907 TopBuild Corp. $BLD

Key Points

• Silver Oak Securities Incorporated has acquired 907 shares of TopBuild Corp., valued at approximately $294,000, marking a new investment in the construction company.
• Wall Street analysts have raised price targets for TopBuild Corp., with Bank of America increasing its target from $320 to $400 and Equity analysts giving a consensus price target of $394.67.
• TopBuild reported earnings of $5.31 per share for the last quarter, exceeding analysts' expectations, although its revenue was down 5.0% year-over-year.

Silver Oak Securities Incorporated bought a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 907 shares of the construction company's stock, valued at approximately $294,000.

A number of other large investors have also recently modified their holdings of the business. UMB Bank n.a. boosted its holdings in shares of TopBuild by 8.0% in the 2nd quarter. UMB Bank n.a. now owns 364 shares of the construction company's stock valued at $118,000 after purchasing an additional 27 shares in the last quarter. Secure Asset Management LLC boosted its holdings in shares of TopBuild by 1.3% during the 2nd quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company's stock valued at $702,000 after acquiring an additional 27 shares in the last quarter. E. Ohman J or Asset Management AB boosted its holdings in shares of TopBuild by 7.0% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 81,384 shares of the construction company's stock valued at $26,347,000 after acquiring an additional 5,344 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of TopBuild by 8.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 621 shares of the construction company's stock valued at $201,000 after acquiring an additional 49 shares in the last quarter. Finally, Kera Capital Partners Inc. acquired a new stake in shares of TopBuild during the 2nd quarter valued at $224,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Bank of America raised their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Evercore ISI raised their price objective on TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a report on Wednesday, August 6th. Seaport Res Ptn raised TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. UBS Group set a $370.00 price objective on TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. Finally, Benchmark raised their target price on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $394.67.

TopBuild Stock Performance

Shares of BLD opened at $402.39 on Tuesday. The firm has a market capitalization of $11.32 billion, a P/E ratio of 19.81, a P/E/G ratio of 5.54 and a beta of 1.61. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. The stock has a 50 day moving average price of $407.18 and a two-hundred day moving average price of $340.35. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company earned $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. Equities analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Activity

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.47, for a total value of $590,584.50. Following the completion of the sale, the chief financial officer owned 14,283 shares in the company, valued at approximately $6,248,384.01. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert M. Buck sold 7,350 shares of the company'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 of the company's stock, valued at approximately $30,402,287.75. This represents a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,663 shares of company stock worth $5,709,488. 0.43% of the stock is owned by insiders.

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.

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