TopBuild Corp. $BLD Shares Sold by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc reduced its stake in TopBuild Corp. by 23.2% during Q2, now owning approximately 0.10% of the company valued at $8.8 million.
• Goldman Sachs increased its target price for TopBuild shares from $450 to $510, while the overall consensus rating for the stock is a "Moderate Buy" with a target price of approximately $402.91.
• CEO Robert M. Buck sold 7,350 shares of TopBuild stock, which represents a 9.12% decrease in his ownership, amid recent insider trading activities.

AEGON ASSET MANAGEMENT UK Plc lowered its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 23.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,269 shares of the construction company's stock after selling 8,259 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.10% of TopBuild worth $8,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BLD. GAMMA Investing LLC raised its holdings in TopBuild by 450.0% during the first quarter. GAMMA Investing LLC now owns 495 shares of the construction company's stock worth $151,000 after purchasing an additional 405 shares in the last quarter. Fifth Third Bancorp raised its holdings in TopBuild by 22.6% during the first quarter. Fifth Third Bancorp now owns 358 shares of the construction company's stock worth $109,000 after purchasing an additional 66 shares in the last quarter. QRG Capital Management Inc. raised its holdings in 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 purchasing an additional 48 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in TopBuild by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 3,436 shares of the construction company's stock worth $1,047,000 after purchasing an additional 90 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its holdings in TopBuild by 43.3% during the first quarter. Johnson Investment Counsel Inc. now owns 5,610 shares of the construction company's stock worth $1,711,000 after purchasing an additional 1,696 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Wall Street Analyst Weigh In

BLD has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on shares of TopBuild from $450.00 to $510.00 and gave the company a "buy" rating in a report on Thursday, October 9th. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. Evercore ISI lifted their target price on shares of TopBuild from $424.00 to $449.00 and gave the company an "in-line" rating in a report on Thursday, October 9th. Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, Benchmark lifted their target price on shares of TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and a consensus target price of $402.91.

Insider Activity

In related news, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction 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 transaction, the chief executive officer directly owned 73,225 shares in the company, valued at $30,402,287.75. This trade represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total transaction of $410,869.80. Following the sale, the vice president owned 10,349 shares in the company, valued at $4,295,041.98. The trade was a 8.73% 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 valued at $5,709,488. Corporate insiders own 0.43% of the company's stock.

TopBuild Stock Performance

NYSE:BLD opened at $441.29 on Thursday. The firm's fifty day moving average price is $417.64 and its 200 day moving average price is $351.85. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $445.94. 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 $12.42 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 4.58 and a beta of 1.66.

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. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm posted $5.42 EPS. TopBuild's quarterly revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

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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