TopBuild Corp. $BLD Stock Holdings Increased by Legal & General Group Plc

Legal & General Group Plc grew its position in shares of TopBuild Corp. (NYSE:BLD) by 0.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 46,868 shares of the construction company’s stock after buying an additional 302 shares during the quarter. Legal & General Group Plc’s holdings in TopBuild were worth $15,173,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC bought a new stake in shares of TopBuild in the 2nd quarter worth approximately $189,000. Envestnet Asset Management Inc. increased its position in TopBuild by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 35,036 shares of the construction company’s stock worth $11,342,000 after buying an additional 2,094 shares during the period. Renaissance Group LLC lifted its stake in TopBuild by 30.6% in the second quarter. Renaissance Group LLC now owns 16,923 shares of the construction company’s stock valued at $5,479,000 after buying an additional 3,967 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of TopBuild by 3.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 20,877 shares of the construction company’s stock valued at $6,758,000 after acquiring an additional 663 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of TopBuild by 9.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,307 shares of the construction company’s stock worth $37,298,000 after acquiring an additional 10,351 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TopBuild

In other news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the transaction, the vice president owned 9,349 shares in the company, valued at approximately $4,210,789.60. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BLD shares. Benchmark lifted their price objective on shares of TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Truist Financial lifted their price target on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. The Goldman Sachs Group increased their price objective on TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Wells Fargo & Company initiated coverage on TopBuild in a research note on Monday, November 17th. They set an “overweight” rating and a $500.00 target price on the stock. Finally, DA Davidson boosted their price target on TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average price target of $430.00.

TopBuild Stock Down 0.5%

Shares of BLD stock opened at $452.63 on Friday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $461.49. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. The business’s fifty day moving average is $422.81 and its 200-day moving average is $383.67. The stock has a market cap of $12.71 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 7.55 and a beta of 1.64.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, beating the consensus estimate of $5.22 by $0.14. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.68 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.