Rhumbline Advisers increased its position in shares of TopBuild Corp (NYSE:BLD) by 15.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,687 shares of the construction company’s stock after purchasing an additional 10,920 shares during the quarter. Rhumbline Advisers owned 0.24% of TopBuild worth $6,338,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System raised its holdings in shares of TopBuild by 224.2% in the fourth quarter. Arizona State Retirement System now owns 59,737 shares of the construction company’s stock worth $4,524,000 after acquiring an additional 41,310 shares during the last quarter. Capital Fund Management S.A. raised its holdings in shares of TopBuild by 40.9% in the fourth quarter. Capital Fund Management S.A. now owns 13,100 shares of the construction company’s stock worth $992,000 after acquiring an additional 3,800 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of TopBuild by 13.4% in the fourth quarter. Pinebridge Investments L.P. now owns 18,085 shares of the construction company’s stock worth $1,370,000 after acquiring an additional 2,140 shares during the last quarter. Intrust Bank NA acquired a new position in shares of TopBuild in the fourth quarter worth $288,000. Finally, First Trust Advisors LP raised its holdings in shares of TopBuild by 476.7% in the fourth quarter. First Trust Advisors LP now owns 43,791 shares of the construction company’s stock worth $3,317,000 after acquiring an additional 36,197 shares during the last quarter. 94.76% of the stock is owned by hedge funds and other institutional investors.
In other TopBuild news, VP Paul Joachimczyk sold 2,227 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $76.15, for a total transaction of $169,586.05. Following the completion of the sale, the vice president now owns 7,699 shares of the company’s stock, valued at $586,278.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Buck sold 23,112 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $74.12, for a total value of $1,713,061.44. Following the sale, the insider now directly owns 73,917 shares of the company’s stock, valued at approximately $5,478,728.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,271 shares of company stock valued at $2,405,043. 1.30% of the stock is owned by company insiders.
Shares of TopBuild Corp (BLD) traded up $1.20 during trading hours on Wednesday, hitting $81.28. The stock had a trading volume of 350,005 shares, compared to its average volume of 270,958. TopBuild Corp has a twelve month low of $44.78 and a twelve month high of $81.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.08 and a current ratio of 1.46. The stock has a market capitalization of $2,821.19, a P/E ratio of 18.51 and a beta of 0.68.
TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. TopBuild had a return on equity of 10.65% and a net margin of 8.30%. The firm had revenue of $501.40 million during the quarter, compared to the consensus estimate of $491.80 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. research analysts forecast that TopBuild Corp will post 3.9 earnings per share for the current year.
BLD has been the subject of a number of analyst reports. ValuEngine cut TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Jefferies Group assumed coverage on TopBuild in a research report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price objective for the company. Nomura raised TopBuild from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $69.00 to $78.00 in a research report on Monday, December 18th. Zacks Investment Research raised TopBuild from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Friday, January 5th. Finally, SunTrust Banks lifted their price objective on TopBuild to $82.00 and gave the company a “reduce” rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. TopBuild presently has a consensus rating of “Buy” and an average price target of $72.57.
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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