Jackson Square Partners LLC Has $2.81 Million Position in TopBuild Corp. $BLD

Jackson Square Partners LLC trimmed its stake in shares of TopBuild Corp. (NYSE:BLD) by 83.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,673 shares of the construction company’s stock after selling 43,375 shares during the quarter. Jackson Square Partners LLC’s holdings in TopBuild were worth $2,808,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC bought a new stake in shares of TopBuild during the second quarter worth about $189,000. Whittier Trust Co. of Nevada Inc. boosted its position in 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 worth $6,758,000 after buying an additional 663 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in TopBuild by 9.2% during the 1st 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 buying an additional 10,351 shares during the period. E. Ohman J or Asset Management AB grew its holdings in TopBuild by 7.0% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 81,384 shares of the construction company’s stock worth $26,347,000 after acquiring an additional 5,344 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in TopBuild in the 2nd quarter valued at approximately $1,207,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE:BLD opened at $422.23 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $461.49. The company has a fifty day moving average of $419.85 and a 200-day moving average of $369.12. The firm has a market capitalization of $11.85 billion, a P/E ratio of 21.43, a P/E/G ratio of 4.33 and a beta of 1.64.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, topping 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 business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company posted $5.68 earnings per share. The business’s quarterly revenue was up 1.4% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Activity at TopBuild

In related news, CFO Robert M. Kuhns sold 1,350 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $437.47, for a total value of $590,584.50. Following the completion of the sale, the chief financial officer directly owned 14,283 shares of the company’s stock, valued at $6,248,384.01. The trade was a 8.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a report on Wednesday, October 8th. Benchmark increased their price target on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday. DA Davidson lifted their price objective on TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Vertical Research started coverage on shares of TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and an average price target of $425.83.

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.