Teachers Advisors LLC raised its stake in TopBuild Corp. (NYSE:BLD) by 358.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 296,630 shares of the construction company’s stock after buying an additional 231,880 shares during the period. Teachers Advisors LLC owned about 0.79% of TopBuild Corp. worth $13,942,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its position in TopBuild Corp. by 24.6% in the first quarter. Russell Investments Group Ltd. now owns 32,131 shares of the construction company’s stock valued at $1,510,000 after buying an additional 6,349 shares during the period. Shell Asset Management Co. acquired a new position in TopBuild Corp. during the first quarter valued at approximately $555,000. Granite Investment Partners LLC increased its position in TopBuild Corp. by 52.0% in the first quarter. Granite Investment Partners LLC now owns 305,579 shares of the construction company’s stock valued at $14,362,000 after buying an additional 104,553 shares during the period. Independent Portfolio Consultants Inc. increased its position in TopBuild Corp. by 44.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 6,010 shares of the construction company’s stock valued at $282,000 after buying an additional 1,840 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in TopBuild Corp. during the first quarter valued at approximately $4,248,000. Institutional investors and hedge funds own 92.50% of the company’s stock.
Shares of TopBuild Corp. (BLD) traded down 0.04% during trading on Friday, hitting $52.37. 143,178 shares of the company were exchanged. The company’s 50-day moving average price is $53.08 and its 200 day moving average price is $47.23. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $55.30. The stock has a market cap of $1.94 billion, a P/E ratio of 32.94 and a beta of 0.66.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. The business had revenue of $441.36 million during the quarter, compared to analyst estimates of $432.01 million. TopBuild Corp. had a net margin of 3.38% and a return on equity of 8.21%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. On average, equities analysts predict that TopBuild Corp. will post $2.72 earnings per share for the current fiscal year.
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A number of equities analysts recently commented on BLD shares. TheStreet upgraded shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Zacks Investment Research downgraded shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Instinet boosted their target price on shares of TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 10th. Nomura started coverage on shares of TopBuild Corp. in a research note on Wednesday, April 12th. They set a “neutral” rating and a $45.00 target price for the company. Finally, KeyCorp reiterated an “overweight” rating and set a $59.00 target price (up previously from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $51.00.
In related news, COO Robert M. Buck sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $52.00, for a total transaction of $520,000.00. Following the completion of the sale, the chief operating officer now directly owns 59,204 shares of the company’s stock, valued at approximately $3,078,608. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.
TopBuild Corp. Company Profile
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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