TopBuild Corp. $BLD Shares Acquired by Ausbil Investment Management Ltd

Key Points

• Ausbil Investment Management Ltd increased its stake in TopBuild Corp. by 92.9% during Q2, acquiring a total of 1,703 shares valued at $551,000.
• CEO Robert M. Buck and CFO Robert M. Kuhns sold shares worth a combined total of over $3.8 million, resulting in a decrease in their ownership positions by 9.12% and 11.34% respectively.
• TopBuild reported earnings of $5.31 per share for the last quarter, surpassing analysts' expectations, but experienced a 5% year-over-year decline in revenue.

Ausbil Investment Management Ltd lifted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 92.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,703 shares of the construction company's stock after acquiring an additional 820 shares during the quarter. Ausbil Investment Management Ltd's holdings in TopBuild were worth $551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its stake in shares of TopBuild by 5.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company's stock worth $194,876,000 after acquiring an additional 34,885 shares during the period. Dimensional Fund Advisors LP grew its position in TopBuild by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company's stock worth $141,908,000 after buying an additional 93,011 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in TopBuild by 32.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company's stock worth $117,992,000 after buying an additional 94,389 shares during the period. Boston Partners acquired a new position in TopBuild during the first quarter worth about $116,738,000. Finally, Northern Trust Corp grew its position in TopBuild by 1.2% during the first quarter. Northern Trust Corp now owns 318,995 shares of the construction company's stock worth $97,278,000 after buying an additional 3,774 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TopBuild

In related news, 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 transaction of $3,051,646.50. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert M. Kuhns sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $416.10, for a total transaction of $832,200.00. Following the transaction, the chief financial officer directly owned 15,633 shares of the company's stock, valued at $6,504,891.30. This trade represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,663 shares of company stock worth $5,709,488. 0.43% of the stock is currently owned by company insiders.

TopBuild Stock Performance

NYSE:BLD opened at $393.22 on Friday. The firm has a 50 day simple moving average of $409.89 and a 200-day simple moving average of $342.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. The firm has a market cap of $11.07 billion, a PE ratio of 19.36, a P/E/G ratio of 5.26 and a beta of 1.61. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $445.74.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The company's revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, equities analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped 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. Bank of America upped their price target on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Benchmark upped their price target on shares of TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, UBS Group set a $370.00 price target on shares of TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. One research 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. Based on data from MarketBeat, TopBuild has a consensus rating of "Moderate Buy" and a consensus target price of $394.67.

About TopBuild

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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