Intech Investment Management LLC Purchases 652 Shares of TopBuild Corp. $BLD

Key Points

• Intech Investment Management LLC increased its stake in TopBuild Corp. by 1.4% during the first quarter, owning approximately 0.17% of the company valued at $14.4 million.
• TopBuild received positive analyst ratings, including upgrades from Seaport Res Ptn to a "strong-buy" and price target increases from Evercore ISI and Bank of America, with an average price target of $394.67.
• The company reported quarterly earnings of $5.31 EPS, surpassing analyst expectations, although revenue declined by 5.0% from the previous year.

Intech Investment Management LLC increased its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,329 shares of the construction company's stock after purchasing an additional 652 shares during the quarter. Intech Investment Management LLC owned approximately 0.17% of TopBuild worth $14,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC purchased a new position in TopBuild during the first quarter worth about $35,000. Parallel Advisors LLC boosted its stake in TopBuild by 111.5% in 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 last quarter. Rossby Financial LCC purchased a new position in TopBuild in the first quarter valued at about $50,000. MassMutual Private Wealth & Trust FSB boosted 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 acquiring an additional 132 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in TopBuild in the fourth quarter valued at about $81,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Performance

Shares of BLD stock traded down $9.00 during trading on Friday, reaching $417.35. 166,103 shares of the company's stock traded hands, compared to its average volume of 297,970. The company has a market capitalization of $11.74 billion, a P/E ratio of 20.55, a PEG ratio of 5.70 and a beta of 1.61. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The firm's 50-day moving average is $402.02 and its 200 day moving average is $335.31. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $445.74.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BLD shares. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Evercore ISI boosted their target price on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a research note on Wednesday, August 6th. Benchmark boosted their target price on shares of TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a "hold" rating in a research note on Tuesday, August 5th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and an average price target of $394.67.

Insider Buying and Selling at TopBuild

In related news, CEO Robert M. Buck sold 7,350 shares of the company'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 transaction of $3,051,646.50. Following the sale, the chief executive officer directly owned 73,225 shares in the company, valued at approximately $30,402,287.75. This represents a 9.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Luis Francisco Machado sold 990 shares of the company's stock in a transaction that occurred 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 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. Over the last 90 days, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is owned by corporate insiders.

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.