Wellington Management Group LLP Boosts Stock Position in TopBuild Corp. $BLD

Key Points

• Wellington Management Group LLP increased its stake in TopBuild Corp. by 5.8%, acquiring an additional 5,875 shares, bringing its total holdings to 107,866 shares worth approximately $32.89 million.
• Insider trading activity included CFO Robert M. Kuhns selling 2,000 shares and CEO Robert M. Buck selling 7,350 shares, which represented 11.34% and 9.12% decreases in their ownership stakes, respectively.
• Analysts have set a consensus rating of "Moderate Buy" for TopBuild with price targets ranging from $370.00 to $444.00, reflecting optimisms about the company's performance despite a 5.0% year-over-year decline in quarterly revenue.

Wellington Management Group LLP raised its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 5.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,866 shares of the construction company's stock after acquiring an additional 5,875 shares during the period. Wellington Management Group LLP owned approximately 0.38% of TopBuild worth $32,894,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC grew its stake in shares of TopBuild by 111.5% in the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of TopBuild in the first quarter worth $50,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of TopBuild by 240.0% in 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. Signaturefd LLC grew its stake in shares of TopBuild by 170.1% in 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. Finally, Raiffeisen Bank International AG purchased a new stake in shares of TopBuild in the fourth quarter worth $81,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Robert M. Kuhns sold 2,000 shares of TopBuild 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 directly owned 15,633 shares of the company's stock, valued at $6,504,891.30. The trade was a 11.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.19, for a total value of $3,051,646.50. Following the transaction, the chief executive officer directly owned 73,225 shares in the company, valued at approximately $30,402,287.75. The trade was a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,663 shares of company stock valued at $5,709,488 in the last 90 days. Corporate insiders own 0.43% of the company's stock.

TopBuild Stock Performance

NYSE:BLD traded down $0.90 on Thursday, hitting $424.91. The stock had a trading volume of 340,572 shares, compared to its average volume of 369,039. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 5.69 and a beta of 1.63. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. The business's 50-day simple moving average is $379.25 and its two-hundred day simple moving average is $326.74. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $445.74.

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

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of recent research reports. Evercore ISI increased their target price on TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 6th. Bank of America increased their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Benchmark lifted their price objective on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price objective on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Seaport Res Ptn upgraded TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. One investment 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 data from MarketBeat, the company currently has a consensus 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.