Tribune Investment Group LP Acquires Shares of 24,000 TopBuild Corp. $BLD

Key Points

• Tribune Investment Group LP acquired 24,000 shares of TopBuild Corp. valued at approximately $7.3 million, making it the company's 11th largest position in their investment portfolio.
• During the last quarter, multiple institutional investors, including T. Rowe Price and Dimensional Fund Advisors, increased their stakes in TopBuild, which is now owned 95.67% by institutional investors and hedge funds.
• TopBuild's recent earnings report showed earnings per share of $5.31, exceeding expectations, but revenue fell by 5% year-over-year, prompting analysts to provide a variety of ratings on the stock.

Tribune Investment Group LP purchased a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,000 shares of the construction company's stock, valued at approximately $7,319,000. TopBuild comprises 3.1% of Tribune Investment Group LP's investment portfolio, making the stock its 11th biggest position. Tribune Investment Group LP owned approximately 0.08% of TopBuild at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. T. Rowe Price Investment Management Inc. grew its position in shares of TopBuild by 5.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company's stock valued at $194,876,000 after purchasing an additional 34,885 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of TopBuild by 5.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company's stock valued at $150,053,000 after purchasing an additional 23,428 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of TopBuild by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company's stock valued at $141,908,000 after purchasing an additional 93,011 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of TopBuild by 32.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company's stock valued at $117,992,000 after purchasing an additional 94,389 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of TopBuild in the first quarter valued at approximately $116,738,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TopBuild

In related news, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the sale, the insider owned 4,934 shares of the company's stock, valued at approximately $2,047,610. This represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert M. Kuhns sold 2,000 shares of the firm's stock in a transaction that occurred on 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 $6,504,891.30. The trade was a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,313 shares of company stock valued at $5,118,903 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on BLD shares. Bank of America increased their price target on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. UBS Group set a $370.00 price target on shares of TopBuild and gave the company a "hold" rating in a research report on Tuesday, August 5th. Evercore ISI increased their price target 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. Loop Capital raised their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Stephens cut their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $394.67.

TopBuild Trading Up 4.5%

Shares of BLD stock traded up $18.5770 during trading hours on Friday, hitting $434.6670. 306,131 shares of the company were exchanged, compared to its average volume of 412,540. The firm has a fifty day moving average of $371.48 and a 200 day moving average of $324.74. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $445.74. The firm has a market cap of $12.23 billion, a PE ratio of 21.40, a PEG ratio of 5.81 and a beta of 1.63.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $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 expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.