Comerica Bank Increases Holdings in TopBuild Corp. $BLD

Key Points

• Comerica Bank increased its holdings in TopBuild Corp. by 14.3%, now owning 12,936 shares worth approximately $3.95 million.
• Insider transactions included a sale by CFO Robert M. Kuhns of 1,350 shares valued at $590,584.50, reducing his ownership by 8.64%.
• TopBuild reported earnings of $5.31 per share for the quarter, beating estimates, despite a 5% year-over-year revenue decline.

Comerica Bank increased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,936 shares of the construction company's stock after buying an additional 1,614 shares during the quarter. Comerica Bank's holdings in TopBuild were worth $3,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Snowden Capital Advisors LLC lifted its holdings in shares of TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after acquiring an additional 33 shares during the last quarter. Enhancing Capital LLC boosted its position in TopBuild by 1.8% in the first quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company's stock valued at $675,000 after buying an additional 39 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of TopBuild by 3.8% during the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after buying an additional 48 shares during the last quarter. Seascape Capital Management increased its holdings in shares of TopBuild by 0.7% during the first quarter. Seascape Capital Management now owns 7,989 shares of the construction company's stock worth $2,436,000 after buying an additional 52 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of TopBuild by 0.3% during the fourth quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Buying and Selling at TopBuild

In other TopBuild news, CEO Robert M. Buck sold 7,350 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 73,225 shares in the company, valued at approximately $30,402,287.75. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeff M. Krestancic sold 373 shares of the firm's stock in a transaction 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 completion of the transaction, the insider directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,663 shares of company stock worth $5,709,488. Company insiders own 0.43% of the company's stock.

Analysts Set New Price Targets

BLD has been the topic of several recent research reports. Benchmark lifted 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. UBS Group set a $370.00 price objective on TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. Loop Capital upped their price target on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Stephens lowered their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, Evercore ISI lifted their price objective on TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research note 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and a consensus target price of $394.67.

TopBuild Stock Up 2.5%

BLD traded up $10.62 during midday trading on Thursday, hitting $428.20. The company had a trading volume of 104,001 shares, compared to its average volume of 365,755. The stock's 50 day moving average price is $389.52 and its 200 day moving average price is $329.96. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 5.63 and a beta of 1.61. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86.

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

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.