PNC Financial Services Group Inc. Boosts Stock Position in TopBuild Corp. $BLD

PNC Financial Services Group Inc. boosted its stake in shares of TopBuild Corp. (NYSE:BLD) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,216 shares of the construction company’s stock after buying an additional 374 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TopBuild were worth $2,012,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC purchased a new stake in TopBuild in the 2nd quarter worth about $189,000. Envestnet Asset Management Inc. increased its position in shares of 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 purchasing an additional 2,094 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of TopBuild by 3.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 20,877 shares of the construction company’s stock valued at $6,758,000 after buying an additional 663 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in TopBuild by 9.2% during the first 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 purchasing an additional 10,351 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in TopBuild in the 2nd quarter worth $1,207,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TopBuild

In other news, CFO Robert M. Kuhns sold 1,350 shares of the business’s 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 transaction, the chief financial officer owned 14,283 shares of the company’s stock, valued at approximately $6,248,384.01. The trade was a 8.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BLD shares. Evercore ISI decreased their price objective on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Vertical Research began coverage on TopBuild in a research report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target for the company. DA Davidson boosted their target price on TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Benchmark increased their price target on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $431.54.

TopBuild Trading Up 1.8%

Shares of BLD stock opened at $410.82 on Wednesday. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 6.73 and a beta of 1.64. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $461.49. The stock’s 50-day moving average price is $419.65 and its 200-day moving average price is $376.38. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26.

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