Citigroup Inc. Acquires 4,141 Shares of TopBuild Corp. $BLD

Key Points

• Citigroup Inc. increased its stake in TopBuild Corp. by 11.5% during the first quarter, owning approximately 0.14% of the company, valued at $12.27 million.
• Wall Street analysts are optimistic about TopBuild, with multiple firms raising their target prices, including JPMorgan's increase from $344 to $398 and Bank of America's from $320 to $400.
• Insider trading activity included significant sales by CEO Robert M. Buck and insider Jeff M. Krestancic, indicating a reduction in their respective holdings by 9.12% and 7.03%.

Citigroup Inc. boosted its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 11.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,254 shares of the construction company's stock after buying an additional 4,141 shares during the period. Citigroup Inc. owned 0.14% of TopBuild worth $12,275,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Snowden Capital Advisors LLC lifted its stake in shares of TopBuild by 2.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock valued at $429,000 after purchasing an additional 33 shares in the last quarter. 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 worth $400,000 after purchasing an additional 48 shares during the last quarter. Seascape Capital Management increased its holdings in TopBuild by 0.7% during the 1st quarter. Seascape Capital Management now owns 7,989 shares of the construction company's stock worth $2,436,000 after purchasing an additional 52 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of TopBuild by 0.3% in the 4th quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock valued at $5,678,000 after acquiring an additional 54 shares during the last quarter. Finally, Fortem Financial Group LLC increased its holdings in shares of TopBuild by 1.2% in the 1st quarter. Fortem Financial Group LLC now owns 5,300 shares of the construction company's stock valued at $1,616,000 after acquiring an additional 64 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of NYSE:BLD traded up $6.48 during trading on Tuesday, hitting $434.21. 50,684 shares of the stock were exchanged, compared to its average volume of 369,604. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $445.74. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 5.78 and a beta of 1.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. The company's fifty day simple moving average is $361.88 and its 200-day simple moving average is $322.09.

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 the consensus estimate of $5.07 by $0.24. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.TopBuild's revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. Sell-side analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of research analyst reports. UBS Group set a $370.00 price target on TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. boosted 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. Benchmark upped their price objective on TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. DA Davidson cut their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Bank of America boosted 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. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $394.67.

Insider Transactions at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 990 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of 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 legal 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 stock was sold at an average price of $416.10, for a total value of $832,200.00. Following the transaction, the chief financial officer directly owned 15,633 shares of the company's stock, valued at $6,504,891.30. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,313 shares of company stock worth $5,118,903. Insiders own 0.43% of the company's stock.

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.