Tower Research Capital LLC TRC grew its stake in shares of TopBuild Corp (NYSE:BLD) by 144.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,555 shares of the construction company’s stock after purchasing an additional 1,510 shares during the period. Tower Research Capital LLC TRC’s holdings in TopBuild were worth $211,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Inc. grew its holdings in TopBuild by 70.3% during the 2nd quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock worth $27,000 after acquiring an additional 135 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of TopBuild during the second quarter worth approximately $74,000. ETF Managers Group LLC grew its position in shares of TopBuild by 9.8% during the first quarter. ETF Managers Group LLC now owns 1,869 shares of the construction company’s stock worth $121,000 after buying an additional 167 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of TopBuild by 39.8% during the first quarter. Advisors Asset Management Inc. now owns 2,191 shares of the construction company’s stock worth $142,000 after buying an additional 624 shares in the last quarter. Finally, Strs Ohio grew its position in shares of TopBuild by 166.7% during the second quarter. Strs Ohio now owns 2,400 shares of the construction company’s stock worth $198,000 after buying an additional 1,500 shares in the last quarter. 94.89% of the stock is owned by hedge funds and other institutional investors.
In other TopBuild news, VP David Cushen sold 8,254 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $88.47, for a total transaction of $730,231.38. Following the transaction, the vice president now owns 11,984 shares in the company, valued at approximately $1,060,224.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gerald Volas sold 25,445 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $90.04, for a total value of $2,291,067.80. Following the transaction, the chief executive officer now owns 161,698 shares in the company, valued at approximately $14,559,287.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,541 shares of company stock worth $3,889,352. Corporate insiders own 2.30% of the company’s stock.
TopBuild (NYSE:BLD) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.15. The firm had revenue of $660.10 million for the quarter, compared to analysts’ expectations of $670.66 million. TopBuild had a return on equity of 15.65% and a net margin of 6.67%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, sell-side analysts expect that TopBuild Corp will post 5.24 earnings per share for the current year.
A number of brokerages recently weighed in on BLD. Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research report on Friday. Finally, SunTrust Banks boosted their price objective on TopBuild to $86.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $81.17.
TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.
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