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TopBuild Corp. $BLD Stake Increased by T. Rowe Price Investment Management Inc.

TopBuild logo with Construction background

Key Points

  • T. Rowe Price Investment Management Inc. increased its stake in TopBuild Corp. by 5.8%, owning 639,040 shares valued at approximately $194.9 million as of the latest SEC filing.
  • Institutional investors hold 95.67% of TopBuild's stock, with significant recent purchases from firms like Parallel Advisors LLC and MassMutual Private Wealth & Trust FSB.
  • TopBuild reported earnings of $5.31 per share in its latest quarter, exceeding forecasts, while also providing FY 2025 EPS guidance and receiving revised price targets from several brokerages.
  • Looking to export and analyze TopBuild data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

T. Rowe Price Investment Management Inc. grew its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 5.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 639,040 shares of the construction company's stock after purchasing an additional 34,885 shares during the period. T. Rowe Price Investment Management Inc. owned 2.24% of TopBuild worth $194,876,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. QRG Capital Management Inc. boosted its position in shares of TopBuild by 3.8% in the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after acquiring an additional 48 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of TopBuild by 3.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock worth $6,192,000 after acquiring an additional 637 shares during the last quarter. Algert Global LLC boosted its position in shares of TopBuild by 69.7% in the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock worth $2,189,000 after acquiring an additional 2,887 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of TopBuild by 192.7% in the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock worth $5,407,000 after acquiring an additional 11,434 shares during the last quarter. Finally, Ausbil Investment Management Ltd acquired a new stake in shares of TopBuild in the first quarter worth approximately $269,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Benchmark raised their target price on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. UBS Group set a $370.00 target price on shares of TopBuild and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Finally, Stephens reduced their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $394.67.

Get Our Latest Research Report on TopBuild

Insider Activity

In other news, insider Jeff M. Krestancic sold 373 shares of TopBuild stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the sale, the insider owned 4,934 shares in the company, valued at $2,047,610. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the sale, the chief executive officer owned 73,225 shares in the company, valued at $30,402,287.75. This represents a 9.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,313 shares of company stock worth $5,118,903. Company insiders own 0.43% of the company's stock.

TopBuild Trading Up 4.5%

BLD stock traded up $18.5770 during midday trading on Friday, reaching $434.6670. 306,131 shares of the company's stock traded hands, compared to its average volume of 412,540. The company has a market capitalization of $12.23 billion, a P/E ratio of 21.40, a PEG ratio of 5.81 and a beta of 1.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The business has a 50-day moving average price of $371.48 and a two-hundred day moving average price of $324.74.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly 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. The firm 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%. TopBuild's revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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