Advisors Capital Management LLC reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 14.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,464 shares of the construction company’s stock after selling 12,102 shares during the quarter. Advisors Capital Management LLC owned about 0.19% of TopBuild Corp. worth $4,592,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of BLD. Flinton Capital Management LLC grew its position in shares of TopBuild Corp. by 66.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock worth $100,000 after buying an additional 752 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of TopBuild Corp. during the 2nd quarter worth about $111,000. Schroder Investment Management Group acquired a new position in shares of TopBuild Corp. during the 2nd quarter worth about $121,000. Victory Capital Management Inc. grew its position in shares of TopBuild Corp. by 22.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,370 shares of the construction company’s stock worth $158,000 after buying an additional 624 shares during the period. Finally, Riverhead Capital Management LLC grew its position in shares of TopBuild Corp. by 72.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock worth $164,000 after buying an additional 1,297 shares during the period. Institutional investors own 91.72% of the company’s stock.
Several equities analysts have recently issued reports on the company. ValuEngine upgraded TopBuild Corp. from a “hold” rating to a “buy” rating in a research report on Friday. Nomura boosted their price objective on TopBuild Corp. from $58.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday. KeyCorp reiterated an “overweight” rating on shares of TopBuild Corp. in a research report on Friday. Zacks Investment Research upgraded TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research report on Thursday, August 10th. Finally, BidaskClub lowered TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $60.67.
In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the completion of the transaction, the chief executive officer now owns 149,201 shares of the company’s stock, valued at approximately $8,476,108.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.
TopBuild Corp. (NYSE BLD) traded up $1.55 during trading hours on Friday, reaching $64.12. The company’s stock had a trading volume of 172,200 shares, compared to its average volume of 252,145. TopBuild Corp. has a 52-week low of $34.27 and a 52-week high of $67.27. The company has a current ratio of 1.36, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2,226.20, a P/E ratio of 24.54 and a beta of 0.62.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. TopBuild Corp. had a return on equity of 9.88% and a net margin of 4.03%. The firm had revenue of $489.04 million during the quarter, compared to the consensus estimate of $491.43 million. During the same quarter in the prior year, the firm posted $0.63 EPS. The business’s revenue was up 7.9% on a year-over-year basis. research analysts forecast that TopBuild Corp. will post 2.73 EPS for the current year.
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TopBuild Corp. 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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