Tributary Capital Management LLC Boosts Position in TopBuild Corp. $BLD

Tributary Capital Management LLC grew its position in shares of TopBuild Corp. (NYSE:BLD) by 3.8% during the second quarter, HoldingsChannel reports. The firm owned 2,450 shares of the construction company’s stock after buying an additional 89 shares during the period. Tributary Capital Management LLC’s holdings in TopBuild were worth $793,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Boston Partners acquired a new stake in shares of TopBuild during the first quarter worth approximately $116,738,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild in the 2nd quarter worth about $109,447,000. New Vernon Capital Holdings II LLC acquired a new stake in shares of TopBuild in the 1st quarter worth about $75,604,000. Nuveen LLC acquired a new stake in shares of TopBuild in the 1st quarter worth about $41,377,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of TopBuild by 25.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company’s stock worth $141,908,000 after acquiring an additional 93,011 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a report on Thursday, October 9th. Evercore ISI lifted their price objective on shares of TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Weiss Ratings restated a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Finally, Bank of America lifted their price objective on shares of TopBuild from $320.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $412.50.

Insiders Place Their Bets

In other TopBuild news, CFO Robert M. Kuhns sold 2,000 shares of TopBuild stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $416.10, for a total transaction of $832,200.00. Following the transaction, the chief financial officer owned 15,633 shares of the company’s stock, valued at $6,504,891.30. The trade was a 11.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.19, for a total value of $3,051,646.50. Following the transaction, the chief executive officer directly owned 73,225 shares in the company, valued at approximately $30,402,287.75. This trade represents a 9.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,663 shares of company stock worth $5,709,488. Insiders own 0.43% of the company’s stock.

TopBuild Price Performance

NYSE BLD opened at $443.23 on Thursday. The stock’s 50-day moving average price is $419.39 and its two-hundred day moving average price is $356.63. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The company has a market cap of $12.47 billion, a PE ratio of 21.82, a PEG ratio of 4.69 and a beta of 1.66. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $456.21.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating 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 company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business posted $5.42 EPS. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. On average, analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

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.