Moran Wealth Management LLC Sells 1,546 Shares of TopBuild Corp. $BLD

Moran Wealth Management LLC reduced its position in TopBuild Corp. (NYSE:BLD) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,807 shares of the construction company’s stock after selling 1,546 shares during the quarter. Moran Wealth Management LLC’s holdings in TopBuild were worth $4,146,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BLD. Boston Partners bought a new stake in shares of TopBuild in the 1st quarter valued at $116,738,000. Allspring Global Investments Holdings LLC bought a new stake in shares of TopBuild in the 2nd quarter valued at $109,447,000. New Vernon Capital Holdings II LLC bought a new stake in shares of TopBuild in the 1st quarter valued at $75,604,000. Nuveen LLC bought a new stake in shares of TopBuild in the 1st quarter valued at $41,377,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of TopBuild by 25.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company’s stock valued at $141,908,000 after purchasing an additional 93,011 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BLD has been the subject of a number of research reports. Evercore ISI raised their price target on shares of TopBuild from $424.00 to $449.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Weiss Ratings restated a “hold (c+)” rating on shares of TopBuild in a report on Wednesday, October 8th. Loop Capital raised their price target on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. The Goldman Sachs Group raised their price target on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, UBS Group set a $370.00 price target on shares of TopBuild and gave the stock a “hold” rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $402.91.

TopBuild Stock Up 3.5%

TopBuild stock opened at $439.29 on Wednesday. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $445.74. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 4.43 and a beta of 1.66. The firm’s fifty day moving average price is $416.88 and its two-hundred day moving average price is $351.23. 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 released its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating 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 firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm earned $5.42 earnings per share. The business’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, equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Buying and Selling at TopBuild

In other TopBuild news, 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 transaction, the chief executive officer directly owned 73,225 shares of the company’s stock, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.02, for a total transaction of $410,869.80. Following the completion of the sale, the vice president owned 10,349 shares of the company’s stock, valued at approximately $4,295,041.98. This represents a 8.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock valued at $5,709,488 over the last ninety days. 0.43% of the stock is currently owned by corporate insiders.

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.