Russell Investments Group Ltd. Purchases 2,246 Shares of TopBuild Corp. $BLD

Key Points

• Russell Investments Group Ltd. increased its stake in TopBuild Corp. by 11.7%, owning approximately 0.07% of the company, valued at about $6.5 million.
• TopBuild reported $5.31 earnings per share (EPS) for the most recent quarter, beating analyst expectations and reflecting a 5% year-over-year decline in revenue.
• The company has a market capitalization of $11.82 billion and a current stock price around $419.99, with significant insider activity noted from management.

Russell Investments Group Ltd. raised its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 11.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,366 shares of the construction company's stock after buying an additional 2,246 shares during the period. Russell Investments Group Ltd. owned about 0.07% of TopBuild worth $6,516,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BLD. T. Rowe Price Investment Management Inc. lifted its position in shares of TopBuild by 779.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after purchasing an additional 535,478 shares during the period. Westwood Holdings Group Inc. purchased a new stake in shares of TopBuild in the 4th quarter worth about $80,844,000. Interval Partners LP purchased a new stake in shares of TopBuild in the 4th quarter worth about $53,424,000. GAMMA Investing LLC lifted its position in shares of TopBuild by 167,622.2% in the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after purchasing an additional 150,860 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of TopBuild in the 1st quarter worth about $41,377,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

BLD has been the subject of several research analyst reports. Stephens dropped their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. 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. Bank of America raised their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Finally, Evercore ISI raised their target price on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 6th. One 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, TopBuild has a consensus rating of "Moderate Buy" and a consensus price target of $394.67.

TopBuild Stock Up 4.5%

Shares of TopBuild stock traded up $18.5770 during trading on Friday, hitting $434.6670. The company's stock had a trading volume of 306,131 shares, compared to its average volume of 412,540. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. The company has a fifty day simple moving average of $371.48 and a two-hundred day simple moving average of $324.74. The company has a market capitalization of $12.23 billion, a PE ratio of 21.40, a P/E/G ratio of 5.81 and a beta of 1.63. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $0.24. The company 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%. TopBuild's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. Equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Activity

In other TopBuild news, VP Luis Francisco Machado sold 990 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.02, for a total transaction of $410,869.80. Following the completion of the sale, the vice president directly owned 10,349 shares in the company, valued at approximately $4,295,041.98. This trade represents a 8.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of the firm's stock in a transaction dated 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 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. Insiders have sold a total of 12,313 shares of company stock valued at $5,118,903 in the last quarter. 0.43% of the stock is owned by company insiders.

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.