PNC Financial Services Group Inc. Has $2.01 Million Stock Holdings in TopBuild Corp. $BLD

PNC Financial Services Group Inc. increased its stake in shares of TopBuild Corp. (NYSE:BLD) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,216 shares of the construction company’s stock after purchasing an additional 374 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TopBuild were worth $2,012,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BLD. Boston Partners increased its stake in TopBuild by 102.1% in the second quarter. Boston Partners now owns 773,773 shares of the construction company’s stock valued at $250,747,000 after purchasing an additional 390,911 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in TopBuild during the second quarter worth $109,447,000. New Vernon Capital Holdings II LLC acquired a new stake in TopBuild in the 1st quarter valued at about $75,604,000. Nuveen LLC acquired a new stake in shares of TopBuild in the first quarter valued at approximately $41,377,000. Finally, Dimensional Fund Advisors LP boosted its position in TopBuild by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company’s stock worth $141,908,000 after purchasing an additional 93,011 shares during the period. Institutional investors own 95.67% of the company’s stock.

Insider Activity

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

TopBuild Price Performance

TopBuild stock opened at $410.82 on Wednesday. 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 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. The stock’s 50 day moving average price is $419.65 and its two-hundred day moving average price is $376.38. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $461.49.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share (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 company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the firm earned $5.68 EPS. The business’s revenue was up 1.4% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. On average, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group set a $370.00 price objective on TopBuild and gave the stock a “hold” rating in a report on Tuesday, August 5th. Truist Financial raised their target price on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Evercore ISI lowered their price target on TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Finally, The Goldman Sachs Group raised their price target on shares of TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $431.54.

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.