Vanguard Personalized Indexing Management LLC Lowers Stake in TopBuild Corp. $BLD

Vanguard Personalized Indexing Management LLC lessened its position in TopBuild Corp. (NYSE:BLD) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,693 shares of the construction company’s stock after selling 113 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in TopBuild were worth $1,197,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new stake in TopBuild in the 1st quarter worth approximately $35,000. Rossby Financial LCC acquired a new stake in shares of TopBuild during the first quarter worth $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of TopBuild in the second quarter valued at $63,000. Blue Trust Inc. increased its stake in TopBuild by 21.7% in the second quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock valued at $73,000 after purchasing an additional 40 shares during the last quarter. Finally, Signaturefd LLC lifted its position in TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock worth $80,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

BLD has been the subject of several recent analyst reports. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Bank of America raised their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. Benchmark increased their price target on shares of TopBuild from $375.00 to $444.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Evercore ISI lifted their price target on shares of TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $402.91.

Insider Buying and Selling

In related news, CEO Robert M. Buck sold 7,350 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the sale, the chief executive officer directly owned 73,225 shares in the company, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Luis Francisco Machado sold 990 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total value of $410,869.80. Following the transaction, the vice president directly owned 10,349 shares in the company, valued at $4,295,041.98. This trade represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,663 shares of company stock worth $5,709,488. Company insiders own 0.43% of the company’s stock.

TopBuild Trading Up 0.1%

Shares of BLD stock opened at $435.42 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $445.94. The firm’s 50 day moving average price is $418.49 and its two-hundred day moving average price is $353.93. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 4.55 and a beta of 1.66.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.07 by $0.24. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. On average, analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

About TopBuild

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.