Brandywine Global Investment Management LLC Lowers Stock Position in TopBuild Corp. $BLD

Brandywine Global Investment Management LLC trimmed its stake in TopBuild Corp. (NYSE:BLD) by 0.6% during the second quarter, Holdings Channel.com reports. The fund owned 22,725 shares of the construction company’s stock after selling 127 shares during the period. Brandywine Global Investment Management LLC’s holdings in TopBuild were worth $7,357,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Boston Partners increased its holdings in TopBuild by 102.1% in the 2nd 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 during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of TopBuild by 5.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company’s stock worth $194,876,000 after buying an additional 34,885 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of TopBuild by 25.0% in the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company’s stock valued at $141,908,000 after buying an additional 93,011 shares in the last quarter. Northern Trust Corp grew its stake in shares of TopBuild by 1.2% in the first quarter. Northern Trust Corp now owns 318,995 shares of the construction company’s stock valued at $97,278,000 after buying an additional 3,774 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of TopBuild in the 2nd quarter valued at $109,447,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the subject of a number of research analyst reports. Royal Bank Of Canada began coverage on TopBuild in a report on Thursday. They set a “sector perform” rating and a $410.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. Seaport Res Ptn upgraded shares of TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Truist Financial increased their target price on shares of TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a report on Thursday, October 9th. Finally, Benchmark raised their price target on shares of TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average price target of $430.00.

TopBuild Stock Up 5.8%

Shares of TopBuild stock opened at $430.76 on Friday. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $461.49. The company has a market capitalization of $12.09 billion, a P/E ratio of 21.87, a P/E/G ratio of 7.19 and a beta of 1.64. The company has a 50 day moving average of $419.45 and a 200 day moving average of $378.46.

TopBuild (NYSE:BLD) last announced 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. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the business earned $5.68 EPS. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

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.