361 Capital LLC Takes Position in TopBuild Corp. (BLD)

361 Capital LLC purchased a new position in TopBuild Corp. (NYSE:BLD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 37,322 shares of the construction company’s stock, valued at approximately $2,432,000. 361 Capital LLC owned about 0.10% of TopBuild Corp. at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLD. Flinton Capital Management LLC increased its stake in shares of TopBuild Corp. by 66.2% in the second quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock worth $100,000 after acquiring an additional 752 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in TopBuild Corp. in the second quarter worth $111,000. Schroder Investment Management Group bought a new stake in TopBuild Corp. in the second quarter worth $121,000. Riverhead Capital Management LLC boosted its holdings in TopBuild Corp. by 72.1% in the second quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock worth $164,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in TopBuild Corp. by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,966 shares of the construction company’s stock worth $210,000 after purchasing an additional 596 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the stock. KeyCorp reiterated an “overweight” rating on shares of TopBuild Corp. in a report on Friday, November 10th. BidaskClub cut shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Nomura upped their price objective on shares of TopBuild Corp. from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $75.00 price objective on shares of TopBuild Corp. in a report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. TopBuild Corp. currently has a consensus rating of “Buy” and a consensus price target of $60.67.

Shares of TopBuild Corp. (BLD) traded down $0.47 during trading hours on Friday, reaching $63.04. 321,500 shares of the company were exchanged, compared to its average volume of 250,991. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.36 and a quick ratio of 1.02. TopBuild Corp. has a 12-month low of $35.31 and a 12-month high of $67.27. The company has a market capitalization of $2,259.65, a PE ratio of 24.91 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. TopBuild Corp. had a net margin of 4.03% and a return on equity of 9.88%. The company had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. During the same period in the prior year, the company earned $0.63 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. equities analysts anticipate that TopBuild Corp. will post 2.74 earnings per share for the current year.

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TopBuild Corp. 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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Institutional Ownership by Quarter for TopBuild Corp. (NYSE:BLD)

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