In a recent transaction reported on May 9, 2024, Robert M. Kuhns, the Vice President and Chief Financial Officer (CFO) of TopBuild Corp. (NYSE:BLD), sold a total of 540 shares of the company's common stock. The sale was executed at a price of $406.53 per share, resulting in a total value of $219,526.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, which provides details on changes in the ownership of securities by company insiders. According to the filing, the shares sold by Kuhns represent a portion of his holdings in the company. The sale was noted to reflect tax withholding and performance share achievement upon vesting, as indicated in the footnotes of the document.
Following the sale, Kuhns still holds a significant number of shares in TopBuild Corp., a leading installer and distributor of insulation and other building products. The company, based in Daytona Beach, Florida, operates under the construction special trade contractors industry and is incorporated in Delaware.
Investors often monitor insider transactions as they can provide insights into the executives' perspectives on the company's current valuation and future prospects. The sale by a high-ranking executive such as the CFO might draw particular interest from the market.
TopBuild Corp. has not provided any official comment regarding the transaction at this time. The details of the sale are publicly available for investors who wish to review the insider trading activity for their analysis.
InvestingPro Insights
As TopBuild Corp. (NYSE:BLD) continues to navigate the market, recent insider trading activity by the CFO has caught the attention of investors. To better understand the company's financial landscape, here are some key metrics and tips from InvestingPro:
InvestingPro Data shows that TopBuild Corp. has a market capitalization of $13.1 billion, with a P/E ratio of 20.74, reflecting investors' valuation of the company relative to its earnings. The company's Price / Book ratio over the last twelve months as of Q1 2024 stands at 4.83, which may suggest that the stock is trading at a premium compared to its book value.
TopBuild's revenue growth in the last twelve months as of Q1 2024 was 2.02%, indicating a steady increase in sales. Additionally, the company's gross profit margin during this period was 31.12%, showing the percentage of revenue that exceeds the cost of goods sold.
InvestingPro Tips highlight several factors influencing the company's stock performance. Analysts have revised their earnings upwards for the upcoming period, which could signal confidence in TopBuild's future financial results. Furthermore, the company has experienced a high return over the last year with a significant price uptick over the last six months, reflecting strong market momentum.
For investors seeking more in-depth analysis and additional tips, there are over 10 more InvestingPro Tips available for TopBuild Corp. at InvestingPro. Use the exclusive coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights that could inform investment decisions.
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