Retirement Systems of Alabama Sells 956 Shares of TopBuild Corp. $BLD

by · The Cerbat Gem

Retirement Systems of Alabama lessened its position in shares of TopBuild Corp. (NYSE:BLD – Free Report) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,732 shares of the construction company’s stock after selling 956 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of TopBuild worth $11,244,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of TopBuild in the second quarter valued at approximately $35,000. SVB Wealth LLC bought a new stake in shares of TopBuild in the first quarter valued at approximately $35,000. Rossby Financial LCC bought a new stake in shares of TopBuild in the first quarter valued at approximately $50,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TopBuild in the second quarter valued at approximately $63,000. Finally, Blue Trust Inc. boosted its stake in shares of 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 buying an additional 40 shares during the period. Institutional investors own 95.67% of the company’s stock.

Analyst Ratings Changes

BLD has been the subject of several recent research reports. Bank of America boosted their price target on TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Evercore ISI boosted their price target on TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. UBS Group set a $370.00 price target on TopBuild and gave the company a “hold” rating in a research note on Tuesday, August 5th. Benchmark boosted their price target on TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $412.50.

View Our Latest Report on TopBuild

TopBuild Stock Up 0.4%

NYSE BLD opened at $422.75 on Friday. The business has a fifty day moving average price of $420.88 and a two-hundred day moving average price of $365.08. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $461.49. The stock has a market capitalization of $11.90 billion, a PE ratio of 20.81, a PEG ratio of 4.42 and a beta of 1.66.

TopBuild (NYSE:BLD – Get Free Report) last released its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.07 by $0.24. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the company earned $5.42 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. Equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Activity at TopBuild

In other news, insider Jeff M. Krestancic sold 373 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the transaction, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total transaction of $410,869.80. Following the transaction, the vice president owned 10,349 shares of the company’s stock, valued at $4,295,041.98. This trade represents a 8.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,663 shares of company stock valued at $5,709,488 over the last three months. 0.43% of the stock is currently owned by corporate insiders.

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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