280 Shares in TopBuild Corp. $BLD Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC acquired a new position in shares of TopBuild Corp. (NYSE:BLD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 280 shares of the construction company’s stock, valued at approximately $91,000.

Several other large investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of TopBuild during the 2nd quarter worth about $35,000. SVB Wealth LLC acquired a new stake in TopBuild during the first quarter worth approximately $35,000. MAI Capital Management boosted its holdings in shares of TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after acquiring an additional 26 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TopBuild during the second quarter worth approximately $63,000. Finally, Blue Trust Inc. increased its stake in shares of TopBuild by 21.7% during the second quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock worth $73,000 after purchasing an additional 40 shares during the period. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BLD shares. The Goldman Sachs Group boosted their price target on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wells Fargo & Company assumed coverage on TopBuild in a report on Monday, November 17th. They set an “overweight” rating and a $500.00 target price for the company. UBS Group set a $370.00 target price on shares of TopBuild and gave the company a “hold” rating in a research report on Tuesday, August 5th. Vertical Research initiated coverage on shares of TopBuild in a research note on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target on the stock. Finally, Benchmark raised their price target on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus target price of $430.00.

TopBuild Price Performance

Shares of NYSE:BLD opened at $446.45 on Tuesday. The firm has a 50 day moving average of $423.69 and a 200-day moving average of $385.32. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $461.49. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $12.53 billion, a PE ratio of 22.66, a PEG ratio of 7.55 and a beta of 1.67.

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

Insiders Place Their Bets

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the transaction, the vice president owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by company insiders.

About TopBuild

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.