TopBuild Corp. (NYSE:BLD) Shares Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd significantly increased its stake in TopBuild Corp. by 335.9%, acquiring a total of 16,796 shares valued at $5.12 million, according to its recent 13F filing.
• TopBuild's latest earnings report showed $4.63 earnings per share, surpassing analyst expectations and reflecting a 3.6% decline in revenue compared to the previous year.
• Total institutional ownership in TopBuild stands at 95.67%, with analysts generally rating the stock as a "Moderate Buy."

XTX Topco Ltd boosted its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 335.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,796 shares of the construction company's stock after acquiring an additional 12,943 shares during the period. XTX Topco Ltd owned 0.06% of TopBuild worth $5,122,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BLD. Parallel Advisors LLC boosted its holdings 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 acquiring an additional 68 shares in the last quarter. Rossby Financial LCC bought a new stake in TopBuild in the first quarter valued at $50,000. MassMutual Private Wealth & Trust FSB boosted its holdings in TopBuild by 240.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after acquiring an additional 132 shares in the last quarter. Signaturefd LLC boosted its holdings in TopBuild by 170.1% in the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after acquiring an additional 165 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new stake in TopBuild in the fourth quarter valued at $81,000. Institutional investors own 95.67% of the company's stock.

Insider Buying and Selling at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the sale, the insider directly owned 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.43% of the company's stock.

TopBuild Price Performance

BLD stock traded up $5.28 during midday trading on Friday, hitting $375.71. The company's stock had a trading volume of 570,268 shares, compared to its average volume of 363,442. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $436.99. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 4.83 and a beta of 1.64. The company has a 50 day moving average of $330.99 and a two-hundred day moving average of $316.73.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.81 EPS. On average, analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Analysts Set New Price Targets

BLD has been the topic of a number of research reports. DA Davidson dropped their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Loop Capital boosted their target price on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Stephens dropped their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, Bank of America lifted their price target on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $387.27.

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.