EAM Investors LLC cut its holdings in TopBuild Corp. (NYSE:BLD) by 23.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,706 shares of the construction company’s stock after selling 12,523 shares during the period. EAM Investors LLC owned about 0.11% of TopBuild worth $2,718,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Westfield Capital Management Co. LP acquired a new position in TopBuild during the 2nd quarter valued at about $17,832,000. Koch Industries Inc. bought a new stake in shares of TopBuild in the 2nd quarter worth approximately $324,000. William Blair Investment Management LLC bought a new stake in shares of TopBuild in the 2nd quarter worth approximately $16,207,000. Fiera Capital Corp bought a new stake in shares of TopBuild in the 2nd quarter worth approximately $12,805,000. Finally, Janus Henderson Group PLC bought a new stake in shares of TopBuild in the 2nd quarter worth approximately $11,081,000. 94.93% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of TopBuild from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a research report on Thursday, August 10th. BidaskClub downgraded shares of TopBuild from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. SunTrust Banks reissued a “buy” rating and issued a $75.00 target price on shares of TopBuild in a research report on Wednesday, October 4th. Nomura lifted their target price on shares of TopBuild from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of TopBuild in a research report on Friday, November 10th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $60.67.
TopBuild Corp. (BLD) traded down $0.59 during mid-day trading on Thursday, reaching $65.07. 228,126 shares of the company’s stock traded hands, compared to its average volume of 251,120. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02. The company has a market capitalization of $2,352.51, a P/E ratio of 25.93 and a beta of 0.61. TopBuild Corp. has a 12 month low of $35.31 and a 12 month high of $69.34.
TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The business had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. TopBuild had a net margin of 4.03% and a return on equity of 9.88%. TopBuild’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. sell-side analysts expect that TopBuild Corp. will post 2.74 earnings per share for the current fiscal year.
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TopBuild Company Profile
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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