Profund Advisors LLC increased its holdings in shares of TopBuild Corp (NYSE:BLD) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,364 shares of the construction company’s stock after buying an additional 796 shares during the quarter. Profund Advisors LLC’s holdings in TopBuild were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Delpha Capital Management LLC purchased a new position in shares of TopBuild in the 4th quarter worth about $144,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TopBuild by 53.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock worth $155,000 after purchasing an additional 719 shares during the period. Meeder Asset Management Inc. raised its holdings in shares of TopBuild by 99.6% in the 4th quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock worth $176,000 after purchasing an additional 1,152 shares during the period. Everence Capital Management Inc. purchased a new position in shares of TopBuild in the 4th quarter worth about $205,000. Finally, Kovack Advisors Inc. purchased a new position in shares of TopBuild in the 4th quarter worth about $223,000. Hedge funds and other institutional investors own 94.66% of the company’s stock.
TopBuild stock opened at $81.27 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. TopBuild Corp has a twelve month low of $44.81 and a twelve month high of $82.26. The company has a market capitalization of $2,851.75, a PE ratio of 28.66 and a beta of 0.68.
TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, February 27th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. TopBuild had a return on equity of 10.65% and a net margin of 8.30%. The business had revenue of $501.40 million during the quarter, compared to analyst estimates of $491.80 million. During the same quarter last year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. equities research analysts anticipate that TopBuild Corp will post 4.01 earnings per share for the current year.
In other news, CFO John S. Peterson sold 6,932 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $75.36, for a total value of $522,395.52. Following the completion of the sale, the chief financial officer now owns 34,943 shares in the company, valued at $2,633,304.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Buck sold 23,112 shares of the 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 completion of the sale, the insider now 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 quarter, insiders sold 32,271 shares of company stock valued at $2,405,043. Insiders own 1.30% of the company’s stock.
A number of equities analysts have recently commented on BLD shares. Zacks Investment Research downgraded TopBuild from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group started coverage on TopBuild in a report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price objective on the stock. ValuEngine downgraded TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks raised their price objective on TopBuild to $82.00 and gave the stock a “reduce” rating in a report on Wednesday, February 28th. Finally, Nomura set a $100.00 price objective on TopBuild and gave the stock a “buy” rating in a report on Tuesday, March 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $76.00.
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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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