Sierra Summit Advisors LLC Buys Shares of 669 TopBuild Corp. $BLD

Sierra Summit Advisors LLC purchased a new stake in shares of TopBuild Corp. (NYSE:BLD) in the second quarter, according to its most recent filing with the SEC. The firm purchased 669 shares of the construction company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also modified their holdings of BLD. Boston Partners increased its stake 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 in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of TopBuild in the second quarter valued at $109,447,000. New Vernon Capital Holdings II LLC purchased a new position in shares of TopBuild in the first quarter valued at $75,604,000. Nuveen LLC acquired a new position in shares of TopBuild during the 1st quarter worth $41,377,000. Finally, Dimensional Fund Advisors LP boosted its position 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 buying an additional 93,011 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Up 5.8%

Shares of BLD opened at $430.76 on Monday. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $461.49. The company has a market capitalization of $12.09 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 7.19 and a beta of 1.64. The stock has a fifty day moving average of $419.45 and a two-hundred day moving average of $379.12. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on BLD shares. Vertical Research started coverage on shares of TopBuild in a report on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price for the company. Benchmark raised their price objective on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. UBS Group set a $370.00 target price on TopBuild and gave the company a “hold” rating in a research note on Tuesday, August 5th. Evercore ISI lowered their target price on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group raised their price target on TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Two 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 stock. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $430.00.

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.