TopBuild Corp. $BLD Stake Lessened by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Key Points

• British Columbia Investment Management Corp significantly reduced its stake in TopBuild Corp. by 76.8%, holding 12,368 shares worth approximately $3.77 million after selling 41,025 shares.
• Institutional investors own nearly 95.67% of TopBuild's shares, with several hedge funds adjusting their positions, including a 240.0% increase by MassMutual Private Wealth & Trust FSB.
• Analysts recently revisited their price targets for TopBuild, with estimates ranging from $320.00 to $418.00, while the company's earnings per share exceeded expectations at $5.31 for the latest quarter.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 76.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,368 shares of the construction company's stock after selling 41,025 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in TopBuild were worth $3,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after acquiring an additional 48 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of TopBuild by 3.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock worth $6,192,000 after buying an additional 637 shares in the last quarter. Algert Global LLC grew its holdings in shares of TopBuild by 69.7% during the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock worth $2,189,000 after buying an additional 2,887 shares in the last quarter. Tribune Investment Group LP purchased a new stake in shares of TopBuild during the first quarter worth about $7,319,000. Finally, Two Sigma Investments LP grew its holdings in shares of TopBuild by 192.7% during the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock worth $5,407,000 after buying an additional 11,434 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Luis Francisco Machado sold 990 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total transaction of $410,869.80. Following the transaction, the vice president directly owned 10,349 shares of the company's stock, valued at approximately $4,295,041.98. The trade was a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the transaction, the chief executive officer directly owned 73,225 shares in the company, valued at approximately $30,402,287.75. The trade was a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is currently owned by company insiders.

TopBuild Trading Down 0.2%

BLD stock traded down $0.90 during midday trading on Thursday, reaching $424.91. 340,572 shares of the company's stock traded hands, compared to its average volume of 425,672. The company has a market capitalization of $11.96 billion, a P/E ratio of 20.92, a PEG ratio of 5.69 and a beta of 1.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The business has a 50-day moving average price of $381.79 and a two-hundred day moving average price of $327.39.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping 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 business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the previous year, the company posted $5.42 earnings per share. The business's revenue for the quarter was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group set a $370.00 price target on shares of TopBuild and gave the stock a "hold" rating in a report on Tuesday, August 5th. Bank of America lifted their price target on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. DA Davidson lowered their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Stephens decreased their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. 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 equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently 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.