Intech Investment Management LLC Has $14.43 Million Holdings in 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 boosted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 1.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 47,329 shares of the construction company's stock after acquiring an additional 652 shares during the period. Intech Investment Management LLC owned 0.17% of TopBuild worth $14,433,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BLD. Boston Partners acquired a new position in shares of TopBuild in the 1st quarter valued at $116,738,000. Westwood Holdings Group Inc. acquired a new position in shares of TopBuild in the 4th quarter valued at $80,844,000. New Vernon Capital Holdings II LLC acquired a new position in shares of TopBuild in the 1st quarter valued at $75,604,000. GAMMA Investing LLC grew its holdings in shares of TopBuild by 167,622.2% in the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock valued at $46,032,000 after buying an additional 150,860 shares during the period. Finally, Nuveen LLC acquired a new position in shares of TopBuild in the 1st quarter valued at $41,377,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Insiders Place Their Bets

In related news, CEO Robert M. Buck sold 7,350 shares of the company's stock in a transaction dated 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 represents a 9.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert M. Kuhns sold 2,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were 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 in the company, valued at approximately $6,504,891.30. This trade represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Loop Capital boosted 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. Benchmark boosted their price objective on shares of TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. UBS Group set a $370.00 price objective on shares of TopBuild and gave the company a "hold" rating in a research report on Tuesday, August 5th. Finally, Evercore ISI boosted their price objective on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $394.67.

TopBuild Stock Down 1.5%

NYSE:BLD traded down $6.40 on Monday, hitting $410.97. 115,093 shares of the company's stock were exchanged, compared to its average volume of 362,453. The firm has a 50-day moving average price of $402.02 and a 200-day moving average price of $335.74. 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 52 week low of $266.26 and a 52 week high of $445.74. The company has a market cap of $11.56 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 5.58 and a beta of 1.61.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.07 by $0.24. The firm 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%. The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. As a group, analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.