Boston Common Asset Management LLC Acquires 1,740 Shares of TopBuild Corp. $BLD

Boston Common Asset Management LLC boosted its holdings in TopBuild Corp. (NYSE:BLD) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,417 shares of the construction company’s stock after purchasing an additional 1,740 shares during the quarter. Boston Common Asset Management LLC’s holdings in TopBuild were worth $5,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BLD. SVB Wealth LLC bought a new position in shares of TopBuild during the 1st quarter valued at approximately $35,000. Parallel Advisors LLC boosted its position in shares of TopBuild by 111.5% during the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. Rossby Financial LCC bought a new position in shares of TopBuild during the 1st quarter valued at approximately $50,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TopBuild during the 2nd quarter valued at approximately $63,000. Finally, Signaturefd LLC boosted its position in shares of TopBuild by 170.1% during the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock valued at $80,000 after acquiring an additional 165 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

NYSE:BLD opened at $399.57 on Friday. The stock’s fifty day moving average is $411.75 and its 200 day moving average is $345.82. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.74. The firm has a market capitalization of $11.24 billion, a PE ratio of 19.67, a PEG ratio of 5.36 and a beta of 1.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83.

TopBuild (NYSE:BLD) last released its quarterly earnings results 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. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm posted $5.42 EPS. TopBuild’s quarterly revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insiders Place Their Bets

In other TopBuild news, VP Luis Francisco Machado sold 990 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total value of $410,869.80. Following the sale, the vice president owned 10,349 shares in the company, valued at $4,295,041.98. This trade represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the sale, the insider owned 4,934 shares in the company, valued at approximately $2,047,610. The trade was a 7.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,663 shares of company stock worth $5,709,488. 0.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. Benchmark increased their target price on TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Loop Capital increased their target price on TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. Bank of America increased their target price on TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research 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 research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $395.17.

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.