Louisiana State Employees Retirement System Sells 200 Shares of TopBuild Corp. $BLD

Louisiana State Employees Retirement System trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 2.4% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,000 shares of the construction company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in TopBuild were worth $2,590,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of BLD. SVB Wealth LLC bought a new stake in TopBuild during the 1st quarter worth approximately $35,000. Rossby Financial LCC acquired a new position in TopBuild during the 1st quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in TopBuild during the 2nd quarter worth approximately $63,000. Signaturefd LLC boosted its position in TopBuild by 170.1% during the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock worth $80,000 after acquiring an additional 165 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in TopBuild by 144.2% during the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company’s stock worth $103,000 after acquiring an additional 199 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other TopBuild news, insider Jeff M. Krestancic sold 373 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the sale, the insider owned 4,934 shares of the company’s stock, valued at $2,047,610. This trade represents a 7.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total value of $3,051,646.50. Following the sale, the chief executive officer directly owned 73,225 shares of the company’s stock, valued at $30,402,287.75. This represents a 9.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,663 shares of company stock worth $5,709,488. Company insiders own 0.43% of the company’s stock.

TopBuild Trading Down 0.6%

NYSE BLD opened at $423.35 on Friday. The stock has a 50 day moving average of $415.53 and a 200-day moving average of $349.26. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $445.74. The company has a market cap of $11.91 billion, a PE ratio of 20.84, a PEG ratio of 5.70 and a beta of 1.66. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm posted $5.42 EPS. The company’s quarterly revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLD has been the subject of a number of recent research reports. Benchmark upped their price target on TopBuild from $375.00 to $444.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Truist Financial upped their price target on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Evercore ISI increased their price objective on TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given 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 a consensus target price of $402.91.

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.