Lodge Hill Capital LLC increased its position in TopBuild Corp (NYSE:BLD) by 257.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,000 shares of the construction company’s stock after acquiring an additional 104,439 shares during the period. TopBuild makes up about 2.9% of Lodge Hill Capital LLC’s portfolio, making the stock its 11th biggest holding. Lodge Hill Capital LLC owned about 0.42% of TopBuild worth $12,000,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Advisor Group Inc. raised its stake in TopBuild by 70.3% in the 2nd quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock worth $27,000 after acquiring an additional 135 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in TopBuild during the 2nd quarter worth about $74,000. ETF Managers Group LLC grew its position in TopBuild by 9.8% during the 1st quarter. ETF Managers Group LLC now owns 1,869 shares of the construction company’s stock worth $121,000 after purchasing an additional 167 shares during the period. Advisors Asset Management Inc. grew its position in TopBuild by 39.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,191 shares of the construction company’s stock worth $142,000 after purchasing an additional 624 shares during the period. Finally, Strs Ohio grew its position in TopBuild by 166.7% during the 2nd quarter. Strs Ohio now owns 2,400 shares of the construction company’s stock worth $198,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 95.99% of the company’s stock.
In other news, CEO Gerald Volas sold 25,445 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $90.04, for a total transaction of $2,291,067.80. Following the sale, the chief executive officer now directly owns 161,698 shares in the company, valued at approximately $14,559,287.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Cushen sold 8,254 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $88.47, for a total value of $730,231.38. Following the sale, the vice president now owns 11,984 shares in the company, valued at $1,060,224.48. The disclosure for this sale can be found here. Insiders have sold a total of 43,541 shares of company stock worth $3,889,352 over the last 90 days. Insiders own 2.30% of the company’s stock.
BLD traded up $0.12 during midday trading on Friday, hitting $92.87. 229,832 shares of the company were exchanged, compared to its average volume of 220,931. The company’s 50 day simple moving average is $89.49 and its 200 day simple moving average is $78.03. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 0.64 and a beta of 0.81. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 0.67. TopBuild Corp has a 1-year low of $41.27 and a 1-year high of $96.01.
TopBuild (NYSE:BLD) last posted its earnings results on Thursday, August 1st. The construction company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.15. TopBuild had a return on equity of 15.65% and a net margin of 6.67%. The firm had revenue of $660.10 million for the quarter, compared to analysts’ expectations of $670.66 million. During the same period last year, the firm earned $1.06 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts anticipate that TopBuild Corp will post 5.22 EPS for the current year.
BLD has been the topic of several analyst reports. ValuEngine downgraded TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. SunTrust Banks increased their price target on TopBuild to $86.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Zacks Investment Research downgraded TopBuild from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Finally, Zelman & Associates raised TopBuild from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $80.33.
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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