Vaughan Nelson Investment Management L.P. Decreases Stock Position in TopBuild Corp. $BLD

Vaughan Nelson Investment Management L.P. reduced its position in TopBuild Corp. (NYSE:BLD) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 365,548 shares of the construction company’s stock after selling 21,372 shares during the quarter. TopBuild makes up about 1.1% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 27th largest position. Vaughan Nelson Investment Management L.P.’s holdings in TopBuild were worth $118,343,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SVB Wealth LLC purchased a new stake in TopBuild in the first quarter worth $35,000. Parallel Advisors LLC increased its position in TopBuild by 111.5% in the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares during the last quarter. Rossby Financial LCC purchased a new stake in TopBuild in the first quarter worth $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in TopBuild in the second quarter worth $63,000. Finally, Signaturefd LLC increased its position in TopBuild by 170.1% in 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 last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Robert M. Kuhns sold 1,350 shares of TopBuild stock in a transaction 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 completion of the sale, the chief financial officer owned 14,283 shares of the company’s stock, valued at approximately $6,248,384.01. This trade represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert M. Buck sold 7,350 shares of the firm’s stock in a transaction dated 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 owned 73,225 shares in the company, valued at $30,402,287.75. The trade was a 9.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock worth $5,709,488 over the last three months. Corporate insiders own 0.43% of the company’s stock.

TopBuild Price Performance

NYSE:BLD opened at $399.57 on Friday. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 5.27 and a beta of 1.66. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $445.74. The stock has a fifty day moving average of $411.75 and a 200 day moving average of $345.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83.

TopBuild (NYSE:BLD) last posted its quarterly earnings data 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. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, research analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BLD shares. Seaport Res Ptn raised TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. UBS Group set a $370.00 price target on TopBuild and gave the stock a “hold” rating in a report on Tuesday, August 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a report on Saturday, September 27th. JPMorgan Chase & Co. raised their price target on TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Loop Capital raised their price target on TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $395.17.

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.