Columbus Circle Investors raised its position in TopBuild (NYSE:BLD) by 165.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,900 shares of the construction company’s stock after buying an additional 123,315 shares during the quarter. Columbus Circle Investors owned about 0.56% of TopBuild worth $15,143,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of BLD. Delpha Capital Management LLC bought a new stake in shares of TopBuild in the fourth quarter valued at $144,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TopBuild by 53.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock valued at $155,000 after buying an additional 719 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of TopBuild by 148.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,113 shares of the construction company’s stock valued at $161,000 after buying an additional 1,261 shares during the period. Meeder Asset Management Inc. raised its stake in shares of TopBuild by 99.6% in the fourth quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock valued at $176,000 after buying an additional 1,152 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in shares of TopBuild in the fourth quarter valued at $205,000. Hedge funds and other institutional investors own 95.69% of the company’s stock.
NYSE:BLD opened at $82.39 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.06 and a current ratio of 1.46. TopBuild has a 52-week low of $50.73 and a 52-week high of $84.03. The firm has a market cap of $2.84 billion, a P/E ratio of 29.64 and a beta of 0.57.
TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 8th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. TopBuild had a return on equity of 11.49% and a net margin of 9.52%. The company had revenue of $491.00 million for the quarter, compared to analyst estimates of $486.34 million. During the same period in the previous year, the company posted $0.46 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. research analysts forecast that TopBuild will post 4.15 earnings per share for the current year.
In related news, VP Paul Joachimczyk sold 2,227 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $76.15, for a total transaction of $169,586.05. Following the sale, the vice president now directly owns 7,699 shares in the company, valued at approximately $586,278.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Buck sold 23,112 shares of the business’s stock in a transaction on 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 owns 73,917 shares in the company, valued at $5,478,728.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,271 shares of company stock worth $2,405,043. 1.30% of the stock is currently owned by corporate insiders.
BLD has been the topic of several research reports. Zacks Investment Research lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. ValuEngine upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Wednesday, April 18th. Jefferies Group restated a “buy” rating and issued a $91.00 target price on shares of TopBuild in a research note on Monday, April 23rd. SunTrust Banks boosted their target price on TopBuild to $82.00 and gave the company a “reduce” rating in a research note on Wednesday, February 28th. Finally, Nomura set a $100.00 target price on TopBuild and gave the company a “buy” rating in a research note on Tuesday, March 13th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $86.20.
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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