Voya Investment Management LLC Purchases 16,805 Shares of TopBuild Corp. $BLD

Key Points

• Voya Investment Management LLC has increased its stake in TopBuild Corp. by 40.3%, now owning 58,517 shares valued at approximately $17.8 million.
• TopBuild's stock has a market cap of $11.67 billion and reported earnings of $5.31 per share, exceeding expectations but showing a year-over-year revenue decline of 5%.
• Analysts are optimistic about TopBuild, with recent price targets raised by several firms, including an increase to $444 by Benchmark and to $400 by Loop Capital.

Voya Investment Management LLC lifted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 40.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,517 shares of the construction company's stock after acquiring an additional 16,805 shares during the period. Voya Investment Management LLC owned 0.20% of TopBuild worth $17,845,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. SVB Wealth LLC purchased a new stake in shares of TopBuild in the first quarter valued at $35,000. Parallel Advisors LLC increased its stake in TopBuild by 111.5% in 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 acquired a new position in TopBuild in the first quarter valued at $50,000. MassMutual Private Wealth & Trust FSB increased its stake in TopBuild by 240.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock worth $57,000 after acquiring an additional 132 shares during the last quarter. Finally, Signaturefd LLC increased its stake in TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock worth $80,000 after acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BLD shares. 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 increased their price target on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Benchmark increased their target price on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. UBS Group set a $370.00 target price on TopBuild and gave the stock a "hold" rating in a report on Tuesday, August 5th. Finally, Loop Capital increased their target price on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, TopBuild presently has an average rating of "Moderate Buy" and an average price target of $394.67.

Insider Buying and Selling at TopBuild

In related news, CEO Robert M. Buck sold 7,350 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of the transaction, the chief executive officer owned 73,225 shares in the company, valued at approximately $30,402,287.75. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert M. Kuhns sold 1,350 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the transaction, 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. Insiders sold a total of 13,663 shares of company stock valued at $5,709,488 in the last ninety days. Corporate insiders own 0.43% of the company's stock.

TopBuild Stock Down 1.4%

BLD stock traded down $5.66 during trading on Friday, reaching $413.23. The stock had a trading volume of 631,603 shares, compared to its average volume of 299,961. The company's 50 day moving average is $406.62 and its two-hundred day moving average is $339.22. 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 Corp. has a one year low of $266.26 and a one year high of $445.74. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 5.60 and a beta of 1.61.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.24. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business's quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current 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.