HighTower Advisors LLC decreased its position in TopBuild Corp. (NYSE:BLD) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,171 shares of the construction company’s stock after selling 2,183 shares during the period. HighTower Advisors LLC owned 0.32% of TopBuild Corp. worth $5,082,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in TopBuild Corp. during the fourth quarter worth approximately $9,005,000. Guggenheim Capital LLC boosted its stake in shares of TopBuild Corp. by 167.3% in the fourth quarter. Guggenheim Capital LLC now owns 80,802 shares of the construction company’s stock worth $2,876,000 after buying an additional 50,575 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of TopBuild Corp. during the fourth quarter worth approximately $926,000. Citadel Advisors LLC bought a new position in TopBuild Corp. during the first quarter worth about $209,000. Finally, Allianz Asset Management AG raised its stake in TopBuild Corp. by 31.2% in the fourth quarter. Allianz Asset Management AG now owns 64,277 shares of the construction company’s stock worth $2,288,000 after buying an additional 15,280 shares in the last quarter. 92.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TopBuild Corp. (BLD) traded down 0.04% during mid-day trading on Wednesday, reaching $53.24. The company’s stock had a trading volume of 53,081 shares. The company has a market capitalization of $1.96 billion, a PE ratio of 33.51 and a beta of 0.66. TopBuild Corp. has a 52-week low of $28.81 and a 52-week high of $55.30. The firm’s 50 day moving average is $52.83 and its 200-day moving average is $44.95.
TopBuild Corp. (NYSE:BLD) last announced its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. TopBuild Corp. had a return on equity of 8.21% and a net margin of 3.38%. The firm had revenue of $441.36 million for the quarter, compared to analyst estimates of $432.01 million. During the same period last year, the company earned $0.31 EPS. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Analysts forecast that TopBuild Corp. will post $2.71 EPS for the current year.
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Several equities research analysts have commented on the stock. Seaport Global Securities began coverage on shares of TopBuild Corp. in a research note on Thursday, March 16th. They issued a “buy” rating and a $52.00 price objective for the company. Instinet lifted their target price on shares of TopBuild Corp. from $45.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, May 10th. Zacks Investment Research cut shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday. KeyCorp restated an “overweight” rating and set a $59.00 target price (up previously from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. Finally, Nomura initiated coverage on shares of TopBuild Corp. in a research note on Wednesday, April 12th. They issued a “neutral” rating and a $45.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.
In other news, COO Robert M. Buck sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was 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 owns 59,204 shares in the company, valued at $3,078,608. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.
About TopBuild Corp.
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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