Campbell & CO Investment Adviser LLC Makes New $321,000 Investment in TopBuild Corp. $BLD

by · The Cerbat Gem

Campbell & CO Investment Adviser LLC acquired a new stake in shares of TopBuild Corp. (NYSE:BLD – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 991 shares of the construction company’s stock, valued at approximately $321,000.

A number of other hedge funds have also recently modified their holdings of BLD. SVB Wealth LLC purchased a new position in TopBuild during the 1st quarter valued at about $35,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of TopBuild in the 2nd quarter worth approximately $35,000. Mirae Asset Global Investments Co. Ltd. bought a new position in TopBuild in the 2nd quarter worth about $63,000. Blue Trust Inc. increased its position in shares of TopBuild by 21.7% during the second quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock valued at $73,000 after acquiring an additional 40 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in TopBuild by 170.1% in the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock worth $80,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BLD has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. UBS Group set a $370.00 target price on TopBuild and gave the stock a “hold” rating in a report on Tuesday, August 5th. Vertical Research assumed coverage on TopBuild in a research note on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price on the stock. The Goldman Sachs Group lifted their target price on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, DA Davidson upped their price target on shares of 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 assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $425.83.

View Our Latest Analysis on TopBuild

Insider Buying and Selling at TopBuild

In other news, CFO Robert M. Kuhns sold 1,350 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 14,283 shares of the company’s stock, valued at $6,248,384.01. This represents a 8.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.43% of the stock is currently owned by insiders.

TopBuild Price Performance

Shares of NYSE BLD opened at $418.31 on Monday. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $461.49. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The firm has a market cap of $11.74 billion, a P/E ratio of 21.23, a P/E/G ratio of 6.99 and a beta of 1.64. The business’s 50 day moving average price is $420.47 and its 200 day moving average price is $374.86.

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

TopBuild Profile

(Free Report)

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.

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