Vanguard Group Inc. Has $301.05 Million Holdings in TopBuild Corp (NYSE:BLD)

Vanguard Group Inc. lifted its holdings in TopBuild Corp (NYSE:BLD) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,637,591 shares of the construction company’s stock after acquiring an additional 2,892 shares during the quarter. Vanguard Group Inc. owned approximately 0.11% of TopBuild worth $301,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of TopBuild in the 2nd quarter worth approximately $427,000. Westfield Capital Management Co. LP boosted its holdings in shares of TopBuild by 67.6% in the 2nd quarter. Westfield Capital Management Co. LP now owns 909,408 shares of the construction company’s stock worth $75,263,000 after acquiring an additional 366,828 shares in the last quarter. Cortina Asset Management LLC bought a new position in TopBuild in the 2nd quarter worth approximately $5,179,000. Janus Henderson Group PLC raised its position in TopBuild by 26.1% in the 2nd quarter. Janus Henderson Group PLC now owns 4,374 shares of the construction company’s stock worth $362,000 after purchasing an additional 906 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new position in TopBuild in the 2nd quarter worth approximately $5,521,000. 94.89% of the stock is currently owned by institutional investors and hedge funds.

BLD has been the subject of several research analyst reports. Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. SunTrust Banks boosted their price objective on shares of TopBuild to $86.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Zacks Investment Research cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $81.17.

In other TopBuild news, CEO Gerald Volas sold 25,445 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $90.04, for a total transaction of $2,291,067.80. Following the completion of the sale, the chief executive officer now owns 161,698 shares in the company, valued at approximately $14,559,287.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David Cushen sold 8,254 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $88.47, for a total transaction of $730,231.38. Following the sale, the vice president now owns 11,984 shares of the company’s stock, valued at approximately $1,060,224.48. The disclosure for this sale can be found here. Insiders sold a total of 43,541 shares of company stock valued at $3,889,352 in the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

BLD stock traded down $1.91 during trading on Tuesday, hitting $94.52. The company had a trading volume of 4,377 shares, compared to its average volume of 251,043. The company has a quick ratio of 1.31, a current ratio of 1.63 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $92.40 and a 200-day moving average price of $80.87. TopBuild Corp has a 12 month low of $41.27 and a 12 month high of $97.99. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 0.64 and a beta of 0.80.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.15. TopBuild had a net margin of 6.67% and a return on equity of 15.65%. The firm had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $670.66 million. During the same quarter in the previous year, the company posted $1.06 EPS. TopBuild’s revenue was up 8.9% on a year-over-year basis. Equities analysts expect that TopBuild Corp will post 5.24 EPS for the current year.

About TopBuild

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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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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