Vident Advisory LLC Buys New Position in TopBuild Corp. $BLD

Key Points

• Vident Advisory LLC has invested approximately $1.70 million in TopBuild Corp., acquiring 5,585 shares as reported in its recent SEC filing.
• A significant majority, 95.67%, of TopBuild's stock is currently held by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Analysts have increased price targets for TopBuild, with revisions from firms like Bank of America and Benchmark, reflecting a growing confidence in the company, with a consensus target price of $394.67.

Vident Advisory LLC acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,585 shares of the construction company's stock, valued at approximately $1,703,000.

Several other institutional investors have also modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of TopBuild during the first quarter valued at $35,000. Parallel Advisors LLC lifted its holdings in shares of TopBuild by 111.5% during the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of TopBuild during the first quarter valued at $50,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of TopBuild by 240.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after purchasing an additional 132 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in shares of TopBuild during the fourth quarter valued at $81,000. Institutional investors and hedge funds own 95.67% of the company's stock.

Insider Buying and Selling

In other news, CFO Robert M. Kuhns sold 2,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $416.10, for a total transaction of $832,200.00. Following the transaction, the chief financial officer owned 15,633 shares of the company's stock, valued at approximately $6,504,891.30. This represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the transaction, the vice president directly owned 10,349 shares in the company, valued at approximately $4,295,041.98. This represents a 8.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,663 shares of company stock worth $5,709,488. Insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Loop Capital upped their target price on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price target on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Benchmark upped their price target on TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Evercore ISI upped their price target on TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. Finally, Bank of America upped their price target on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $394.67.

TopBuild Stock Up 1.2%

NYSE:BLD traded up $5.06 during mid-day trading on Friday, reaching $434.48. The stock had a trading volume of 387,752 shares, compared to its average volume of 323,437. The business's 50 day moving average is $393.88 and its 200 day moving average is $331.54. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The stock has a market cap of $12.23 billion, a P/E ratio of 21.39, a PEG ratio of 5.82 and a beta of 1.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29.

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

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.