TopBuild Corp. $BLD Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its stake in TopBuild Corp. (NYSE:BLD) by 3.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,111 shares of the construction company’s stock after purchasing an additional 36 shares during the period. Kingswood Wealth Advisors LLC’s holdings in TopBuild were worth $360,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Secure Asset Management LLC grew its stake in shares of TopBuild by 1.3% in the second quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $702,000 after acquiring an additional 27 shares in the last quarter. UMB Bank n.a. grew its stake in shares of TopBuild by 8.0% in the second quarter. UMB Bank n.a. now owns 364 shares of the construction company’s stock worth $118,000 after acquiring an additional 27 shares in the last quarter. Enhancing Capital LLC grew its stake in shares of TopBuild by 1.8% in the first quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company’s stock worth $675,000 after acquiring an additional 39 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of TopBuild by 3.8% in the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company’s stock worth $400,000 after acquiring an additional 48 shares in the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in shares of TopBuild by 8.6% in the second quarter. Harbor Investment Advisory LLC now owns 621 shares of the construction company’s stock worth $201,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Insider Activity at TopBuild

In other TopBuild news, CEO Robert M. Buck sold 7,350 shares of the company’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 completion of the transaction, the chief executive officer owned 73,225 shares in the company, valued at $30,402,287.75. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Robert M. Kuhns sold 2,000 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the completion of the transaction, the chief financial officer owned 15,633 shares of the company’s stock, valued at $6,504,891.30. This represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,663 shares of company stock worth $5,709,488. Insiders own 0.43% of the company’s stock.

TopBuild Stock Performance

Shares of BLD stock opened at $423.35 on Friday. 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 Corp. has a 12 month low of $266.26 and a 12 month high of $445.74. The company has a market cap of $11.91 billion, a P/E ratio of 20.84, a PEG ratio of 5.70 and a beta of 1.66. The firm has a fifty day moving average price of $415.53 and a 200 day moving average price of $349.26.

TopBuild (NYSE:BLD) last released 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. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm posted $5.42 earnings per share. TopBuild’s revenue for the quarter was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. Sell-side analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on BLD. JPMorgan Chase & Co. boosted their price target on shares of TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Loop Capital boosted their price target on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Bank of America boosted their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Truist Financial boosted their target price on shares of TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Benchmark boosted their target price 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. 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $402.91.

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.