Truvestments Capital LLC Sells 1,204 Shares of TopBuild Corp. $BLD

Key Points

• Truvestments Capital LLC reduced its holdings in TopBuild Corp. by 58.3%, selling 1,204 shares and retaining 862 shares valued at approximately $263,000.
• Multiple institutional investors have increased their stakes in TopBuild, including Boston Partners, which purchased a stake worth about $116.7 million.
• A variety of analysts upgraded their price targets for TopBuild, with Benchmark raising theirs from $375.00 to $444.00, reflecting positive expectations for the company.

Truvestments Capital LLC decreased its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 58.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 862 shares of the construction company's stock after selling 1,204 shares during the quarter. Truvestments Capital LLC's holdings in TopBuild were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in TopBuild in the first quarter valued at about $35,000. Parallel Advisors LLC lifted 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 buying an additional 68 shares during the period. Rossby Financial LCC acquired a new position in TopBuild in the first quarter valued at about $50,000. MassMutual Private Wealth & Trust FSB lifted 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 buying an additional 132 shares during the period. Finally, Signaturefd LLC lifted its stake in TopBuild by 170.1% in the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

Analysts Set New Price Targets

BLD has been the topic of a number of research analyst reports. Loop Capital raised their price target on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Stephens dropped their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. UBS Group set a $370.00 price target on TopBuild and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Evercore ISI raised their price target on TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 6th. Finally, Benchmark increased their price objective on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, TopBuild has an average rating of "Moderate Buy" and an average price target of $394.67.

Insider Activity at TopBuild

In related news, insider Jeff M. Krestancic sold 373 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the sale, the insider directly owned 4,934 shares in the company, valued at $2,047,610. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the sale, the vice president owned 10,349 shares of the company's stock, valued at $4,295,041.98. This trade represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,663 shares of company stock worth $5,709,488. 0.43% of the stock is owned by corporate insiders.

TopBuild Stock Performance

Shares of BLD stock traded down $5.98 during trading on Tuesday, reaching $414.78. 202,248 shares of the company's stock were exchanged, compared to its average volume of 366,945. 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 stock has a market capitalization of $11.67 billion, a PE ratio of 20.44, a PEG ratio of 5.63 and a beta of 1.61. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $445.74. The firm's fifty day moving average price is $385.77 and its 200-day moving average price is $328.74.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.07 by $0.24. The company had revenue of $1.30 billion during 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 quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current 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.