United Services Automobile Association Invests $583,000 in TopBuild Corp. $BLD

United Services Automobile Association purchased a new position in TopBuild Corp. (NYSE:BLD) in the first quarter, HoldingsChannel reports. The firm purchased 1,909 shares of the construction company’s stock, valued at approximately $583,000.

A number of other institutional investors also recently made changes to their positions in the stock. SVB Wealth LLC acquired a new stake in TopBuild during the first quarter valued at approximately $35,000. Parallel Advisors LLC lifted its stake in TopBuild by 111.5% during the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Rossby Financial LCC acquired a new stake in TopBuild during the first quarter valued at approximately $50,000. MassMutual Private Wealth & Trust FSB lifted its stake in TopBuild by 240.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company’s stock valued at $57,000 after purchasing an additional 132 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock valued at $80,000 after purchasing an additional 165 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the subject of several recent research reports. Seaport Res Ptn raised shares of TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Evercore ISI increased their target price on shares of TopBuild from $347.00 to $418.00 and gave the company an “in-line” rating in a research note on Wednesday, August 6th. Loop Capital increased their target price on shares of TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Bank of America increased their target price 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. Finally, JPMorgan Chase & Co. upped their price target on shares of TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $394.67.

TopBuild Stock Down 3.0%

Shares of NYSE:BLD opened at $420.84 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. The company has a market cap of $11.84 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 5.80 and a beta of 1.61. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $445.74. The firm has a 50 day simple moving average of $397.62 and a 200 day simple moving average of $333.14.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.07 by $0.24. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. As a group, research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insider Activity at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $416.10, for a total value of $832,200.00. Following the transaction, the chief financial officer owned 15,633 shares in the company, valued at approximately $6,504,891.30. This represents a 11.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff M. Krestancic sold 373 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the transaction, the insider owned 4,934 shares in the company, valued at approximately $2,047,610. This represents a 7.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,663 shares of company stock worth $5,709,488 in the last 90 days. 0.43% of the stock is owned by corporate insiders.

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.