United Services Automobile Association Invests $583,000 in TopBuild Corp. $BLD

Key Points

• United Services Automobile Association has invested approximately $583,000 in TopBuild Corp., acquiring 1,909 shares in the 1st quarter, as detailed in their recent SEC filing.
• TopBuild recently received positive upgrades from various analysts, with price targets adjusted up to $418.00 from $347.00 by Evercore ISI.
• Insider activity shows that CEO Robert M. Buck sold 7,350 shares for about $3.05 million, reflecting a 9.12% decrease in his ownership of the company's stock.

United Services Automobile Association purchased a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,909 shares of the construction company's stock, valued at approximately $583,000.

Several other institutional investors have also modified their holdings of BLD. SVB Wealth LLC acquired a new stake in shares of TopBuild during the 1st quarter worth about $35,000. Parallel Advisors LLC grew its position in TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares in the last quarter. Rossby Financial LCC acquired a new position in TopBuild in the 1st quarter valued at about $50,000. MassMutual Private Wealth & Trust FSB grew its position in TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after acquiring an additional 132 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in TopBuild in the 4th quarter valued at about $81,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Buying and Selling

In other news, VP Luis Francisco Machado sold 990 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total transaction of $410,869.80. Following the completion of the sale, the vice president owned 10,349 shares in the company, valued at $4,295,041.98. This represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert M. Kuhns sold 1,350 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.47, for a total value of $590,584.50. Following the sale, the chief financial officer owned 14,283 shares of the company's stock, valued at $6,248,384.01. This trade represents a 8.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,663 shares of company stock worth $5,709,488 over the last three months. 0.43% of the stock is owned by company insiders.

TopBuild Stock Performance

NYSE BLD traded down $6.30 on Monday, reaching $411.07. The stock had a trading volume of 75,812 shares, compared to its average volume of 362,172. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $445.74. The business's 50-day moving average price is $402.02 and its 200 day moving average price is $335.74. The stock has a market cap of $11.57 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 data on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the previous year, the business earned $5.42 earnings per share. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. As a group, equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BLD shares. Benchmark lifted their target price on TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their target price on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Seaport Res Ptn raised TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Bank of America boosted their price objective on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Loop Capital boosted their price objective on TopBuild from $360.00 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 issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $394.67.

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.