KBC Group NV Sells 571 Shares of TopBuild Corp. $BLD

KBC Group NV cut its position in TopBuild Corp. (NYSE:BLD) by 41.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 807 shares of the construction company’s stock after selling 571 shares during the quarter. KBC Group NV’s holdings in TopBuild were worth $261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of TopBuild in the 2nd quarter valued at about $35,000. SVB Wealth LLC acquired a new stake in TopBuild in the 1st quarter valued at about $35,000. Mirae Asset Global Investments Co. Ltd. bought a new position in TopBuild during the second quarter worth about $63,000. Blue Trust Inc. increased its position in TopBuild by 21.7% during the second quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock worth $73,000 after buying an additional 40 shares during the last quarter. Finally, Signaturefd LLC raised its stake 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 buying an additional 165 shares during the period. 95.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group set a $370.00 target price on TopBuild and gave the stock a “hold” rating in a research note on Tuesday, August 5th. Benchmark upped their price objective on shares of TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Vertical Research started coverage on shares of TopBuild in a report on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price for the company. Finally, Evercore ISI lowered their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $431.54.

TopBuild Trading Up 1.8%

Shares of TopBuild stock opened at $410.82 on Wednesday. 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 firm has a 50-day moving average of $419.65 and a 200-day moving average of $376.38. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $461.49. The stock has a market cap of $11.53 billion, a PE ratio of 20.85, a PEG ratio of 6.73 and a beta of 1.64.

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

Insider Activity

In related news, CFO Robert M. Kuhns sold 1,350 shares of the stock in a transaction that occurred 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 sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.43% 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.