TopBuild (NYSE:BLD) CFO Sells $590,584.50 in Stock

Key Points

• TopBuild's CFO, Robert Kuhns, sold 1,350 shares at an average price of $437.47, totaling approximately $590,584.50, which decreased his ownership by 8.64%.
• The company's stock experienced a trading decline of over $5, reaching $429.06, and has a 1-year high of $445.74 and a low of $266.26.
• TopBuild reported $5.31 earnings per share (EPS) for its recent quarter, exceeding analyst estimates, despite experiencing a 5% revenue drop compared to the previous year.

TopBuild Corp. (NYSE:BLD - Get Free Report) CFO Robert Kuhns sold 1,350 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $437.47, for a total transaction of $590,584.50. Following the transaction, the chief financial officer owned 14,283 shares of the company's stock, valued at $6,248,384.01. This represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TopBuild Price Performance

Shares of TopBuild stock traded down $5.1580 during trading hours on Monday, reaching $429.0620. 417,637 shares of the company's stock were exchanged, compared to its average volume of 417,067. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $445.74. The company has a market capitalization of $12.07 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 5.81 and a beta of 1.63. The business has a fifty day moving average of $374.05 and a two-hundred day moving average of $325.35. 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 released its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.07 by $0.24. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm earned $5.42 earnings per share. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. 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 fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLD. Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Benchmark upped their target price on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Evercore ISI upped their price objective on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a report on Wednesday, August 6th. Finally, Bank of America upped their price objective on shares of TopBuild from $320.00 to $400.00 and gave the company 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 issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $394.67.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. lifted its position in shares of TopBuild by 3.8% during the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after purchasing an additional 48 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of TopBuild by 3.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock worth $6,192,000 after purchasing an additional 637 shares in the last quarter. Algert Global LLC lifted its position in shares of TopBuild by 69.7% during the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock worth $2,189,000 after purchasing an additional 2,887 shares in the last quarter. Tribune Investment Group LP acquired a new stake in shares of TopBuild during the first quarter worth about $7,319,000. Finally, Two Sigma Investments LP lifted its position in shares of TopBuild by 192.7% during the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock worth $5,407,000 after purchasing an additional 11,434 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

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.

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