HAP Trading LLC raised its holdings in TopBuild Corp. (NYSE:BLD) by 38.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,671 shares of the construction company’s stock after buying an additional 4,923 shares during the quarter. HAP Trading LLC’s holdings in TopBuild Corp. were worth $1,152,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in BLD. UBS Asset Management Americas Inc. raised its stake in TopBuild Corp. by 47.5% in the first quarter. UBS Asset Management Americas Inc. now owns 15,622 shares of the construction company’s stock valued at $734,000 after buying an additional 5,030 shares during the last quarter. Teachers Advisors LLC raised its stake in TopBuild Corp. by 358.1% in the first quarter. Teachers Advisors LLC now owns 296,630 shares of the construction company’s stock valued at $13,942,000 after buying an additional 231,880 shares during the last quarter. Vanguard Group Inc. raised its stake in TopBuild Corp. by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock valued at $154,490,000 after buying an additional 139,066 shares during the last quarter. Geode Capital Management LLC raised its stake in TopBuild Corp. by 2.8% in the first quarter. Geode Capital Management LLC now owns 296,251 shares of the construction company’s stock valued at $13,923,000 after buying an additional 8,086 shares during the last quarter. Finally, UBS Group AG raised its stake in TopBuild Corp. by 1.7% in the first quarter. UBS Group AG now owns 8,197 shares of the construction company’s stock valued at $386,000 after buying an additional 137 shares during the last quarter. Institutional investors own 95.86% of the company’s stock.
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A number of equities research analysts have commented on BLD shares. Zacks Investment Research upgraded TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a research note on Thursday, August 10th. BidaskClub lowered TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $75.00 price objective on shares of TopBuild Corp. in a report on Wednesday, October 4th. Nomura increased their price objective on TopBuild Corp. from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Finally, KeyCorp reissued an “overweight” rating on shares of TopBuild Corp. in a report on Friday, November 10th. Three 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 stock currently has a consensus rating of “Buy” and a consensus price target of $60.67.
Shares of TopBuild Corp. (NYSE:BLD) traded down $0.47 during mid-day trading on Friday, hitting $63.04. The stock had a trading volume of 321,500 shares, compared to its average volume of 250,991. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2,259.65, a price-to-earnings ratio of 24.91 and a beta of 0.62. TopBuild Corp. has a fifty-two week low of $35.31 and a fifty-two week high of $67.27.
TopBuild Corp. (NYSE:BLD) last posted its earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. TopBuild Corp. had a return on equity of 9.88% and a net margin of 4.03%. TopBuild Corp.’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the company earned $0.63 earnings per share. equities analysts expect that TopBuild Corp. will post 2.74 earnings per share for the current year.
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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