Louisiana State Employees Retirement System cut its stake in shares of TopBuild Corp. (NYSE:BLD) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,100 shares of the construction company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in TopBuild Corp. were worth $801,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in BLD. PNC Financial Services Group Inc. raised its position in TopBuild Corp. by 0.9% in the first quarter. PNC Financial Services Group Inc. now owns 5,311 shares of the construction company’s stock valued at $250,000 after buying an additional 49 shares during the last quarter. UBS Group AG raised its position in TopBuild Corp. by 1.7% in the first quarter. UBS Group AG now owns 8,197 shares of the construction company’s stock valued at $386,000 after buying an additional 137 shares during the last quarter. Alpha Windward LLC raised its position in TopBuild Corp. by 1.4% in the first quarter. Alpha Windward LLC now owns 12,720 shares of the construction company’s stock valued at $598,000 after buying an additional 180 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in TopBuild Corp. by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 29,231 shares of the construction company’s stock worth $1,552,000 after buying an additional 200 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in TopBuild Corp. by 8.5% in the first quarter. Envestnet Asset Management Inc. now owns 5,061 shares of the construction company’s stock worth $239,000 after buying an additional 395 shares in the last quarter. 93.73% of the stock is currently owned by hedge funds and other institutional investors.
TopBuild Corp. (NYSE BLD) traded up 1.15% on Monday, reaching $58.83. The company’s stock had a trading volume of 190,780 shares. The firm’s 50-day moving average price is $53.78 and its 200 day moving average price is $48.48. TopBuild Corp. has a 52-week low of $28.81 and a 52-week high of $59.34. The company has a market cap of $2.14 billion, a P/E ratio of 32.61 and a beta of 0.63.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. The firm had revenue of $474.50 million during the quarter, compared to the consensus estimate of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. Equities analysts anticipate that TopBuild Corp. will post $2.78 EPS for the current fiscal year.
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A number of equities research analysts have recently commented on the company. Zacks Investment Research raised TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a research report on Thursday. KeyCorp reiterated an “overweight” rating and set a $59.00 price objective (up from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. TheStreet upgraded TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. Finally, Instinet increased their price objective on TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, May 10th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.60.
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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