Vaughan Nelson Investment Management L.P. Sells 21,372 Shares of TopBuild Corp. $BLD

Key Points

• Vaughan Nelson Investment Management L.P. reduced its stake in TopBuild Corp. by 5.5%, selling 21,372 shares, and now holds approximately 365,548 shares, accounting for about 1.1% of its portfolio.
• TopBuild reported a quarterly earnings per share (EPS) of $5.31, surpassing the consensus estimate of $5.07, but experienced a 5.0% decline in revenue compared to the same quarter last year.
• CEO Robert M. Buck sold 7,350 shares of TopBuild at an average price of $415.19, resulting in a significant decrease in his ownership stake of the company.

Vaughan Nelson Investment Management L.P. decreased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,548 shares of the construction company's stock after selling 21,372 shares during the period. TopBuild accounts for about 1.1% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 27th biggest position. Vaughan Nelson Investment Management L.P. owned 1.28% of TopBuild worth $118,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BLD. Parallel Advisors LLC boosted its position in shares of TopBuild by 111.5% during the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. UMB Bank n.a. boosted its position in shares of TopBuild by 144.2% during the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company's stock valued at $103,000 after purchasing an additional 199 shares in the last quarter. Wedmont Private Capital bought a new stake in shares of TopBuild during the 1st quarter valued at about $217,000. Washington Capital Management Inc. boosted its position in shares of TopBuild by 38.9% during the 1st quarter. Washington Capital Management Inc. now owns 1,250 shares of the construction company's stock valued at $381,000 after purchasing an additional 350 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of TopBuild during the 1st quarter valued at about $9,920,000. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of TopBuild stock opened at $399.57 on Friday. The company has a market cap of $11.24 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 5.27 and a beta of 1.66. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. The business has a 50 day moving average price of $411.75 and a 200-day moving average price of $345.55. 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 (NYSE:BLD - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Equities analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLD has been the topic of several recent research reports. Seaport Res Ptn upgraded TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a "hold (c+)" rating on shares of TopBuild in a report on Saturday, September 27th. UBS Group set a $370.00 price target on TopBuild and gave the stock a "hold" rating in a report on Tuesday, August 5th. Bank of America increased their price target on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Benchmark increased their price target on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $395.17.

Insiders Place Their Bets

In related news, CEO Robert M. Buck sold 7,350 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of the sale, the chief executive officer directly owned 73,225 shares of the company's stock, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 10,349 shares of the company's stock, valued at $4,295,041.98. The trade was a 8.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

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.

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