Amundi Sells 21,120 Shares of TopBuild Corp. $BLD

Amundi lowered its position in TopBuild Corp. (NYSE:BLD - Free Report) by 26.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,667 shares of the construction company's stock after selling 21,120 shares during the period. Amundi owned 0.21% of TopBuild worth $16,959,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Flputnam Investment Management Co. raised its position in shares of TopBuild by 16.7% in the 1st quarter. Flputnam Investment Management Co. now owns 6,363 shares of the construction company's stock worth $1,940,000 after acquiring an additional 911 shares in the last quarter. Alamea Verwaltungs GmbH bought a new position in shares of TopBuild in the 1st quarter worth approximately $383,000. Vident Advisory LLC bought a new position in shares of TopBuild in the 1st quarter worth approximately $1,703,000. Simcoe Capital Management LLC bought a new position in shares of TopBuild in the 1st quarter worth approximately $7,119,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of TopBuild in the 1st quarter worth approximately $1,014,000. Institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

BLD has been the subject of several research reports. Bank of America increased their target price on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Loop Capital upped their price target on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Benchmark upped their price target on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Seaport Res Ptn upgraded TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. One investment 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $394.67.

TopBuild Stock Down 2.1%

BLD traded down $9.00 during trading on Friday, hitting $417.35. 166,103 shares of the company's stock traded hands, compared to its average volume of 297,970. The company's 50 day simple moving average is $402.02 and its two-hundred day simple moving average is $335.52. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $445.74. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 5.70 and a beta of 1.61.

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. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business posted $5.42 EPS. The company's revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. Analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TopBuild news, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total transaction of $154,795.00. Following the sale, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. This trade represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the sale, the vice president owned 10,349 shares in the company, valued at approximately $4,295,041.98. This represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is currently owned by company insiders.

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.