Jump Financial LLC Sells 6,150 Shares of TopBuild Corp. $BLD

Key Points

• Jump Financial LLC has reduced its stake in TopBuild Corp. by 88%, selling 6,150 shares and leaving them with only 841 shares valued at $256,000.
• TopBuild reported earnings of $5.31 per share for the quarter, exceeding analysts' expectations of $5.07, though revenue was down 5% year-over-year.
• Analysts have set new price targets for TopBuild, with recommendations ranging from "buy" to "hold", and an average target price of $394.67.

Jump Financial LLC cut its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 88.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 841 shares of the construction company's stock after selling 6,150 shares during the period. Jump Financial LLC's holdings in TopBuild were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SVB Wealth LLC acquired a new position in shares of TopBuild during the first quarter valued at $35,000. Parallel Advisors LLC lifted its stake in shares of TopBuild by 111.5% during the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares during the period. Rossby Financial LCC bought a new stake in shares of TopBuild in the first quarter worth about $50,000. MassMutual Private Wealth & Trust FSB grew its stake in TopBuild by 240.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after purchasing an additional 132 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in shares of TopBuild during the 4th quarter worth approximately $81,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Activity at TopBuild

In other news, CEO Robert M. Buck sold 7,350 shares of the firm's stock in a transaction that occurred 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 owned 73,225 shares in the company, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert M. Kuhns sold 2,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $416.10, for a total transaction of $832,200.00. Following the completion of the transaction, the chief financial officer owned 15,633 shares of the company's stock, valued at approximately $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,663 shares of company stock worth $5,709,488 over the last quarter. 0.43% of the stock is currently owned by insiders.

TopBuild Stock Down 0.0%

Shares of NYSE:BLD traded down $0.13 during trading on Monday, reaching $435.27. 82,179 shares of the company traded hands, compared to its average volume of 365,325. The firm has a fifty day simple moving average of $393.88 and a 200 day simple moving average of $331.61. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $445.74. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. The firm has a market cap of $12.25 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 5.82 and a beta of 1.61.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.30 billion. During the same period in the prior year, the business posted $5.42 earnings per share. TopBuild's revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. Analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLD has been the topic of several recent research reports. Evercore ISI increased their price target on TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a report on Wednesday, August 6th. Bank of America boosted their target price on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price target on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" 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 note on Wednesday, August 6th. Finally, Loop Capital upped their price target on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $394.67.

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.