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

A number of other large investors have also bought and sold shares of the stock. New Vernon Capital Holdings II LLC bought a new position in shares of TopBuild during the 1st quarter worth about $75,604,000. Gotham Asset Management LLC raised its stake in TopBuild by 128.7% during the 1st quarter. Gotham Asset Management LLC now owns 34,711 shares of the construction company's stock worth $10,585,000 after buying an additional 19,534 shares during the period. Cinctive Capital Management LP bought a new position in TopBuild in the first quarter worth approximately $372,000. AQR Capital Management LLC grew its stake in TopBuild by 48.2% in the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company's stock valued at $774,000 after acquiring an additional 837 shares during the period. Finally, Flputnam Investment Management Co. grew its stake in TopBuild by 16.7% in the first quarter. Flputnam Investment Management Co. now owns 6,363 shares of the construction company's stock valued at $1,940,000 after acquiring an additional 911 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Down 2.1%

NYSE:BLD traded down $9.00 on Friday, hitting $417.35. The stock had a trading volume of 166,103 shares, compared to its average volume of 297,970. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $445.74. The firm's fifty day simple moving average is $402.02 and its two-hundred day simple moving average is $335.31. The stock has a market cap of $11.74 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 5.70 and a beta of 1.61. 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 (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 the consensus estimate of $5.07 by $0.24. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.TopBuild's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Luis Francisco Machado sold 990 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The shares were 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 trade represents a 8.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert M. Kuhns sold 1,350 shares of TopBuild stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the sale, the chief financial officer directly owned 14,283 shares in the company, 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. Over the last 90 days, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group set a $370.00 target price on TopBuild and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Bank of America upped their price objective on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Loop Capital lifted their price objective on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. One equities 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 company. According to MarketBeat, TopBuild has an average rating of "Moderate Buy" and a consensus target price 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.