First Trust Advisors LP cut its holdings in TopBuild Corp. (NYSE:BLD) by 61.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,594 shares of the construction company’s stock after selling 12,118 shares during the quarter. First Trust Advisors LP’s holdings in TopBuild were worth $495,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC increased its position in shares of TopBuild by 1.5% during the second quarter. Cubist Systematic Strategies LLC now owns 11,193 shares of the construction company’s stock worth $594,000 after purchasing an additional 162 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of TopBuild by 17.7% during 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. Profund Advisors LLC increased its position in shares of TopBuild by 9.1% during the second quarter. Profund Advisors LLC now owns 7,195 shares of the construction company’s stock worth $382,000 after purchasing an additional 600 shares in the last quarter. Hosking Partners LLP increased its position in shares of TopBuild by 1.7% during the second quarter. Hosking Partners LLP now owns 37,936 shares of the construction company’s stock worth $2,013,000 after purchasing an additional 626 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its stake in TopBuild by 66.2% during the second 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 last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.
A number of equities analysts have weighed in on BLD shares. KeyCorp reissued an “overweight” rating on shares of TopBuild in a research note on Friday, November 10th. Nomura boosted their price objective on TopBuild from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. ValuEngine raised TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. SunTrust Banks reissued a “buy” rating and set a $75.00 price objective on shares of TopBuild in a research note on Wednesday, October 4th. Finally, BidaskClub lowered TopBuild from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $60.67.
TopBuild Corp. (NYSE BLD) opened at $65.19 on Friday. TopBuild Corp. has a 12 month low of $35.31 and a 12 month high of $69.34. The company has a market capitalization of $2,319.40, a price-to-earnings ratio of 25.56 and a beta of 0.61. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26.
TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.01. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The business had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. During the same quarter in the prior year, the company posted $0.63 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. sell-side analysts expect that TopBuild Corp. will post 2.74 earnings per share for the current year.
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TopBuild 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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