TopBuild Corp. $BLD Shares Sold by Findlay Park Partners LLP

Findlay Park Partners LLP reduced its stake in TopBuild Corp. by 74.5% in Q2. Analysts have varied ratings, with a consensus target price of $430. TopBuild's stock opened at $456.32, with a 12-month high of $461.49. The company reported Q3 earnings of $5.36 per share, beating estimates. Revenue was $1.39 billion, up 1.4% year-over-year.

Findlay Park Partners LLP lowered its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 74.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,637 shares of the construction company's stock after selling 331,257 shares during the quarter. Findlay Park Partners LLP owned about 0.40% of TopBuild worth $36,789,000 at the end of the most recent quarter.

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Several other hedge funds and other institutional investors also recently modified their holdings of BLD. Chicago Partners Investment Group LLC acquired a new stake in shares of TopBuild in the 2nd quarter worth $189,000. Envestnet Asset Management Inc. raised its stake in shares of TopBuild by 6.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,036 shares of the construction company's stock worth $11,342,000 after buying an additional 2,094 shares in the last quarter. Renaissance Group LLC lifted its holdings in shares of TopBuild by 30.6% in the 2nd quarter. Renaissance Group LLC now owns 16,923 shares of the construction company's stock valued at $5,479,000 after buying an additional 3,967 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in TopBuild by 3.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 20,877 shares of the construction company's stock worth $6,758,000 after acquiring an additional 663 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of TopBuild during the 2nd quarter worth $1,207,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLD has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price objective on shares of TopBuild from $450.00 to $510.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Vertical Research started coverage on TopBuild in a report on Tuesday, October 21st. They set a "buy" rating and a $517.96 price objective for the company. UBS Group set a $370.00 target price on TopBuild and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Evercore ISI lowered their price objective on shares of TopBuild from $449.00 to $448.00 and set an "in-line" rating on the stock in a research note on Wednesday, November 5th. Finally, Truist Financial lifted their target price on shares of TopBuild from $370.00 to $390.00 and gave the stock a "hold" rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $430.00.

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TopBuild Price Performance

NYSE:BLD opened at $456.32 on Thursday. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $461.49. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 7.46 and a beta of 1.64. The company's 50-day moving average is $421.27 and its two-hundred day moving average is $381.68. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26.

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TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share 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 analyst estimates of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The company's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.68 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Research analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

TopBuild Profile

(Free Report)

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.

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TopBuild Corp. $BLD Shares Sold by Findlay Park Partners LLP

Analyst Ratings Changes

TopBuild Price Performance

TopBuild Profile

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