Sheets Smith Wealth Management maintained its position in TopBuild Corp. (NYSE:BLD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,880 shares of the construction company’s stock at the end of the second quarter. Sheets Smith Wealth Management’s holdings in TopBuild Corp. were worth $259,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its position in TopBuild Corp. by 24.6% in the first quarter. Russell Investments Group Ltd. now owns 32,131 shares of the construction company’s stock worth $1,510,000 after buying an additional 6,349 shares during the period. Shell Asset Management Co. acquired a new position in TopBuild Corp. during the first quarter worth approximately $555,000. Granite Investment Partners LLC increased its position in TopBuild Corp. by 52.0% in the first quarter. Granite Investment Partners LLC now owns 305,579 shares of the construction company’s stock worth $14,362,000 after buying an additional 104,553 shares during the period. Independent Portfolio Consultants Inc. increased its position in TopBuild Corp. by 44.1% in the first quarter. Independent Portfolio Consultants Inc. now owns 6,010 shares of the construction company’s stock worth $282,000 after buying an additional 1,840 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in TopBuild Corp. during the first quarter worth approximately $4,248,000. 93.73% of the stock is currently owned by institutional investors and hedge funds.
TopBuild Corp. (NYSE BLD) traded down 1.15% during mid-day trading on Friday, reaching $56.59. 256,659 shares of the company’s stock traded hands. The stock’s 50 day moving average is $54.26 and its 200-day moving average is $49.06. TopBuild Corp. has a 52 week low of $28.81 and a 52 week high of $59.34. The stock has a market capitalization of $2.06 billion, a PE ratio of 31.37 and a beta of 0.63.
TopBuild Corp. (NYSE:BLD) last announced its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The company had revenue of $474.50 million for the quarter, compared to analyst estimates of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, equities analysts anticipate that TopBuild Corp. will post $2.81 EPS for the current year.
A number of research firms have commented on BLD. Zacks Investment Research raised shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a research report on Thursday, August 10th. KeyCorp reissued an “overweight” rating and set a $59.00 target price (up previously from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. Instinet lifted their price objective on shares of TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. Finally, TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. TopBuild Corp. presently has a consensus rating of “Buy” and a consensus target price of $54.60.
About TopBuild Corp.
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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