Castleark Management LLC trimmed its stake in shares of TopBuild Corp. (NYSE:BLD) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,215 shares of the construction company’s stock after selling 2,095 shares during the period. Castleark Management LLC owned about 0.47% of TopBuild Corp. worth $9,139,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of BLD. Flinton Capital Management LLC grew its holdings in TopBuild Corp. by 66.2% during the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock worth $100,000 after acquiring an additional 752 shares during the period. Daiwa Securities Group Inc. acquired a new stake in TopBuild Corp. during the second quarter worth about $111,000. Schroder Investment Management Group acquired a new stake in TopBuild Corp. during the second quarter worth about $121,000. Ameritas Investment Partners Inc. acquired a new stake in TopBuild Corp. during the first quarter worth about $156,000. Finally, Victory Capital Management Inc. grew its holdings in TopBuild Corp. by 22.7% during the first quarter. Victory Capital Management Inc. now owns 3,370 shares of the construction company’s stock worth $158,000 after acquiring an additional 624 shares during the period. 92.01% of the stock is currently owned by hedge funds and other institutional investors.
TopBuild Corp. (BLD) traded down 0.08% during trading on Friday, hitting $63.50. The stock had a trading volume of 21,878 shares. The firm has a market cap of $2.31 billion, a P/E ratio of 35.20 and a beta of 0.64. TopBuild Corp. has a 12-month low of $28.81 and a 12-month high of $67.27. The stock’s 50 day moving average price is $62.31 and its 200 day moving average price is $62.31.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. The business had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, analysts anticipate that TopBuild Corp. will post $2.80 EPS for the current fiscal year.
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In related news, CEO Gerald Volas sold 44,356 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was 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 in the company, valued at approximately $8,476,108.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
BLD has been the topic of several analyst reports. TheStreet raised TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. KeyCorp reaffirmed an “overweight” rating and set a $59.00 target price (up from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. Zacks Investment Research lowered TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub lowered TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $75.00 price objective on shares of TopBuild Corp. in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $58.00.
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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