KBC Group NV Has $261,000 Stake in TopBuild Corp. $BLD

KBC Group NV lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 41.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 807 shares of the construction company’s stock after selling 571 shares during the period. KBC Group NV’s holdings in TopBuild were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cerity Partners LLC boosted its stake in TopBuild by 41.4% during the 1st quarter. Cerity Partners LLC now owns 1,652 shares of the construction company’s stock worth $504,000 after acquiring an additional 484 shares during the last quarter. CWM LLC raised its holdings in TopBuild by 29.3% in the first quarter. CWM LLC now owns 375 shares of the construction company’s stock worth $114,000 after purchasing an additional 85 shares during the period. Signaturefd LLC boosted its position in shares of TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock worth $80,000 after purchasing an additional 165 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of TopBuild in the 1st quarter valued at $4,024,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of TopBuild in the 1st quarter valued at $211,000. 95.67% of the stock is owned by institutional investors.

TopBuild Trading Up 1.8%

NYSE BLD opened at $410.82 on Wednesday. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $461.49. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. The stock’s 50 day moving average price is $419.65 and its two-hundred day moving average price is $376.38. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 6.73 and a beta of 1.64.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.22 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $5.68 earnings per share. TopBuild has set its FY 2025 guidance at EPS. As a group, analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BLD has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Evercore ISI cut their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Truist Financial boosted their price objective on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research report on Thursday, October 9th. DA Davidson raised their target price on shares of TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Wells Fargo & Company began coverage on shares of TopBuild in a research note on Monday. They issued an “overweight” rating and a $500.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $431.54.

Insider Transactions at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following 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 through this link. Insiders own 0.43% of the company’s stock.

TopBuild 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.