TopBuild Corp. $BLD Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its holdings in TopBuild Corp. (NYSE:BLD) by 638.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,138 shares of the construction company’s stock after purchasing an additional 24,330 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.10% of TopBuild worth $9,109,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners raised its holdings in TopBuild by 102.1% in the 2nd quarter. Boston Partners now owns 773,773 shares of the construction company’s stock valued at $250,747,000 after buying an additional 390,911 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild during the second quarter valued at about $109,447,000. New Vernon Capital Holdings II LLC purchased a new stake in shares of TopBuild in the 1st quarter valued at approximately $75,604,000. Nuveen LLC acquired a new position in shares of TopBuild in the 1st quarter worth approximately $41,377,000. Finally, Dimensional Fund Advisors LP lifted its holdings 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 worth $141,908,000 after acquiring an additional 93,011 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the sale, the chief financial officer owned 14,283 shares in the company, valued at approximately $6,248,384.01. The trade was a 8.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

TopBuild Stock Down 1.4%

TopBuild stock opened at $418.31 on Monday. The stock’s fifty day moving average is $420.47 and its two-hundred day moving average is $374.86. The stock has a market cap of $11.74 billion, a PE ratio of 21.23, a P/E/G ratio of 6.99 and a beta of 1.64. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $461.49. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.14. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.68 EPS. TopBuild has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the subject of several research reports. Truist Financial lifted their target price on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Evercore ISI lowered their target price on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. The Goldman Sachs Group upped their price target on TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Finally, DA Davidson boosted their price objective on TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $425.83.

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.