3,382 Shares in TopBuild Corp. $BLD Purchased by Vancity Investment Management Ltd

Key Points

• Vancity Investment Management Ltd acquired 3,382 shares of TopBuild Corp., valued at approximately $1,031,000, in the first quarter of 2023.
• Analysts have raised price targets for TopBuild, with JPMorgan Chase increasing theirs from $344.00 to $398.00, reflecting positive sentiment on the stock.
• Insider transactions indicate recent selling activity, with executives reducing their holdings; Jeff M. Krestancic sold 373 shares, while CFO Robert M. Kuhns sold 1,350 shares of the company's stock.

Vancity Investment Management Ltd bought a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,382 shares of the construction company's stock, valued at approximately $1,031,000.

A number of other hedge funds have also bought and sold shares of the company. United Services Automobile Association bought a new position in TopBuild during the first quarter worth $583,000. New Vernon Capital Holdings II LLC bought a new position in TopBuild during the first quarter worth $75,604,000. Gotham Asset Management LLC increased its stake in TopBuild by 128.7% in the first quarter. Gotham Asset Management LLC now owns 34,711 shares of the construction company's stock valued at $10,585,000 after purchasing an additional 19,534 shares in the last quarter. Cinctive Capital Management LP bought a new stake in TopBuild in the first quarter valued at $372,000. Finally, AQR Capital Management LLC increased 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 purchasing an additional 837 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Insider Buying and Selling at TopBuild

In related news, insider Jeff M. Krestancic sold 373 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the transaction, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Luis Francisco Machado sold 990 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.02, for a total transaction of $410,869.80. Following the transaction, the vice president owned 10,349 shares in the company, valued at approximately $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 ninety days, insiders sold 13,663 shares of company stock valued at $5,709,488. Insiders own 0.43% of the company's stock.

Analysts Set New Price Targets

BLD has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Loop Capital lifted their price target on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Benchmark lifted their price target on shares of TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, UBS Group set a $370.00 price target on shares of TopBuild and gave the company a "hold" rating in a research note on Tuesday, August 5th. One equities research 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. According to data from MarketBeat, TopBuild currently has an average rating of "Moderate Buy" and an average price target of $394.67.

TopBuild Stock Down 2.1%

Shares of NYSE:BLD traded down $9.00 during midday trading on Friday, hitting $417.35. 166,103 shares of the company's stock were exchanged, compared to its average volume of 297,970. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. The stock has a 50 day moving average price of $402.02 and a 200-day moving average price of $335.31. The company has a market cap of $11.74 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 5.70 and a beta of 1.61. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $445.74.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.07 by $0.24. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.