Ausbil Investment Management Ltd, a well-known institutional investor, has recently acquired a new stake in TopBuild Corp. This information was disclosed in their latest filing with the Securities and Exchange Commission during the second quarter of this year. Ausbil Investment Management Ltd purchased 7,957 shares of TopBuild’s stock, which amounts to approximately $2,117,000. As a result of this purchase, TopBuild now comprises around 1.3% of Ausbil Investment Management Ltd’s overall investment portfolio. It is interesting to note that this acquisition marks the 17th largest position for the investment management company.
In other news related to TopBuild Corp, insider Steven P. Raia has sold 1,000 shares of the company’s stock in a recent transaction. The sale took place on Tuesday, August 29th, at an average price of $286.44 per share, resulting in a total transaction value of $286,440. Following this sale, Raia now holds 9,670 shares directly in the company, which are estimated to be worth approximately $2,769,874.80. All relevant details regarding this transaction have been disclosed in a filing with the SEC and can be accessed through their designated online portal.
Additionally, CEO Robert M. Buck also engaged in stock selling activities for TopBuild Corp. On Monday, August 14th, he sold 4,500 shares of the business’s stock at an average price of $301.76 per share. This brought his total transaction value to $1,357,920. After the completion of this sale, Buck currently holds 73,830 shares in TopBuild Corp., valuing at roughly $22,278 ,940 .80.
It is important to highlight that throughout the past ninety days alone; insiders have collectively sold around 7 ,576 shares worth $2 ,263 ,881 . Looking at these figures; it can be observed that corporate insiders hold approximately 0.46% of TopBuild Corp’s stock at present.
In summary, Ausbil Investment Management Ltd has expanded its investment portfolio by acquiring a new stake in TopBuild Corp. This acquisition further solidifies the construction company’s position within their portfolio. Furthermore, recent insider selling activities involving Steven P. Raia and CEO Robert M. Buck have been noted, indicating changes in the ownership structure of TopBuild Corp. These transactions have been duly reported to the SEC for transparency and regulatory compliance purposes.
TopBuild Corp.
BLD
Strong Buy
Updated on: 25/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investors Show Confidence in TopBuild as Construction Company Continues to Impress with Strong Financials and Revenue Growth
TopBuild Corp. (NYSE: BLD), a leading construction company, has recently attracted the attention of several institutional investors who made significant changes to their positions in the business. AE Wealth Management LLC, for instance, increased its holdings in TopBuild by 58.9% during the second quarter. This boost resulted in AE Wealth Management LLC now owning 1,694 shares of the construction company’s stock worth $451,000.
Harvest Fund Management Co. Ltd also showed remarkable growth in its position with TopBuild. The fund saw a staggering 5,416.7% increase in its shares during the second quarter, thus owning 662 shares valued at $176,000.
Additionally, Duality Advisers LP acquired a new stake in TopBuild during the first quarter worth about $1,538,000. Meanwhile, Aurora Investment Counsel lifted its holdings by 1.0% during the same period and now owns 5,408 shares valued at approximately $1,126,000.
The positive influx of investments is evident as Prelude Capital Management LLC also acquired a new position in TopBuild during the first quarter valued at around $434,000.
Intriguingly enough, nearly 95.58% of TopBuild’s stock is owned by institutional investors and hedge funds.
Analysts have been closely monitoring this flurry of activity surrounding TopBuild and have issued various reports on BLD shares’ performance lately. Jefferies Financial Group raised their price target on TopBuild from $262.00 to $320.00 and gave the stock a “buy” rating.
Similarly affirming the upward trajectory of TopBuild’s stock value were ratings from Truist Financial who boosted their price target from $256.00 to $340.00 and Benchmark who reiterated their “buy” rating and set a price target at $320.00.
Seaport Res Ptn reaffirmed a “buy” rating on TopBuild, and StockNews.com began coverage with a “buy” rating for the company. With two hold ratings and eight buy ratings, TopBuild currently holds an average rating of “Moderate Buy” among analysts, with a consensus target price of $281.00 according to data from Bloomberg.
On September 18, 2023, NYSE BLD saw the stock trade at $263.50 after experiencing a rise of $3.12. The number of shares traded amounted to 53,076 as compared to the average volume of 235,643.
TopBuild Corp.’s market cap stands at an impressive $8.37 billion with a price-to-earnings ratio of 13.89. Moreover, the company’s P/E/G ratio is at 2.37 while boasting a beta of 1.60.
With its strong financials and stable position in the construction industry, TopBuild Corp continues to impress investors and analysts alike. Its ability to beat earnings estimates and generate revenue growth only reinforces its reputation as one of the top players in the market.
Last reported on August 3rd, TopBuild exceeded expectations by reporting earnings per share of $5.25 for the quarter compared to the consensus estimate of $4.30—an impressive difference of $0.95 per share.
Additionally, TopBuild showcased its prowess by demonstrating a return on equity of 29.75% and a net margin of 11.61%. The company generated $1.32 billion in revenue during the quarter—outperforming analysts’ expectations that were set at $1.26 billion.
When compared to the same period last year wherein earnings per share were reported at $4.43, it becomes evident that TopBuild is consistently achieving growth in revenue.
As we move forward into what promises to be an eventful fiscal year for TopBuild Corp., research analysts predict that it will post an impressive 18.16 EPS for the current fiscal year—a strong indication of sustainable growth in the near future.
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