Nationwide Fund Advisors increased its position in TopBuild Corp. (NYSE:BLD) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,124 shares of the construction company’s stock after purchasing an additional 11,191 shares during the quarter. Nationwide Fund Advisors owned approximately 0.17% of TopBuild Corp. worth $3,244,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of BLD. Russell Investments Group Ltd. raised its holdings in shares of TopBuild Corp. by 24.6% in the 1st quarter. Russell Investments Group Ltd. now owns 32,131 shares of the construction company’s stock valued at $1,510,000 after purchasing an additional 6,349 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of TopBuild Corp. by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 546,698 shares of the construction company’s stock valued at $25,694,000 after purchasing an additional 14,266 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of TopBuild Corp. by 47.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 15,622 shares of the construction company’s stock valued at $734,000 after purchasing an additional 5,030 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of TopBuild Corp. by 3.7% in the 1st quarter. Ameriprise Financial Inc. now owns 202,254 shares of the construction company’s stock valued at $9,505,000 after purchasing an additional 7,197 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of TopBuild Corp. by 3.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 154,929 shares of the construction company’s stock valued at $7,282,000 after purchasing an additional 4,817 shares during the period. 92.01% of the stock is currently owned by institutional investors.
In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of TopBuild Corp. stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $56.81, for a total value of $2,519,864.36. Following the sale, the chief executive officer now owns 149,201 shares of the company’s stock, valued at $8,476,108.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
A number of equities research analysts have recently issued reports on BLD shares. TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. Zacks Investment Research raised shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a report on Thursday, August 10th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $75.00 target price on shares of TopBuild Corp. in a report on Wednesday, October 4th. KeyCorp reaffirmed an “overweight” rating and issued a $59.00 target price (up from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. Finally, BidaskClub cut shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $58.00.
TopBuild Corp. (BLD) opened at 64.24 on Wednesday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 35.61 and a beta of 0.64. TopBuild Corp. has a 52 week low of $28.81 and a 52 week high of $67.27. The company has a 50-day moving average of $62.18 and a 200-day moving average of $62.18.
TopBuild Corp. (NYSE:BLD) last announced 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 business had revenue of $474.50 million for the quarter, compared to analyst estimates of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Equities research analysts forecast that TopBuild Corp. will post $2.80 earnings per share for the current fiscal year.
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.
Receive News & Ratings for TopBuild Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild Corp. and related companies with MarketBeat.com's FREE daily email newsletter.