Brandywine Global Investment Management LLC Sells 3,733 Shares of TopBuild Corp. $BLD

Key Points

• Brandywine Global Investment Management LLC reduced its stake in TopBuild Corp. by 14.0%, owning 22,852 shares after selling 3,733 shares during the first quarter.
• TopBuild reported $5.31 earnings per share (EPS) for the latest quarter, exceeding expectations, despite a 5.0% decrease in revenue year-over-year.
• The stock has seen mixed analyst ratings with an average target price of $394.67, while recent reports include several price objective changes and upgrades from various firms.

Brandywine Global Investment Management LLC lowered its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,852 shares of the construction company's stock after selling 3,733 shares during the quarter. Brandywine Global Investment Management LLC owned 0.08% of TopBuild worth $6,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of BLD. Aberdeen Group plc grew its stake in TopBuild by 1.2% in the 1st quarter. Aberdeen Group plc now owns 34,046 shares of the construction company's stock valued at $10,382,000 after purchasing an additional 402 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of TopBuild by 25.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company's stock worth $141,908,000 after buying an additional 93,011 shares during the last quarter. Boston Partners bought a new position in TopBuild during the first quarter valued at about $116,738,000. Russell Investments Group Ltd. increased its holdings in TopBuild by 11.7% during the first quarter. Russell Investments Group Ltd. now owns 21,366 shares of the construction company's stock worth $6,516,000 after buying an additional 2,246 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in TopBuild by 4.9% in the first quarter. HighTower Advisors LLC now owns 3,024 shares of the construction company's stock worth $922,000 after acquiring an additional 140 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

NYSE:BLD traded up $23.17 during trading hours on Friday, hitting $439.26. 131,444 shares of the company's stock traded hands, compared to its average volume of 368,102. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. The business's fifty day simple moving average is $368.77 and its two-hundred day simple moving average is $324.13. 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 $12.36 billion, a P/E ratio of 21.63, a P/E/G ratio of 5.63 and a beta of 1.63.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company's revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. On average, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BLD. UBS Group set a $370.00 price target on shares of TopBuild and gave the stock a "hold" rating in a research note on Tuesday, August 5th. Bank of America boosted their target price on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Benchmark increased their price target on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Stephens lowered their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Finally, DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $394.67.

Insider Activity at TopBuild

In other news, CFO Robert M. Kuhns sold 2,000 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $416.10, for a total value of $832,200.00. Following the transaction, the chief financial officer owned 15,633 shares of the company's stock, valued at $6,504,891.30. This represents a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert M. Buck sold 7,350 shares of the firm's stock in a transaction 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 owned 73,225 shares in the company, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,313 shares of company stock valued at $5,118,903. Company 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.