Goldman Sachs Group Inc. lifted its position in TopBuild Corp (NYSE:BLD) by 10.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,183,511 shares of the construction company’s stock after purchasing an additional 110,431 shares during the quarter. Goldman Sachs Group Inc.’s holdings in TopBuild were worth $89,639,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of BLD. Delpha Capital Management LLC purchased a new stake in TopBuild during the 4th quarter valued at about $144,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in TopBuild by 53.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock valued at $155,000 after acquiring an additional 719 shares during the period. Meeder Asset Management Inc. boosted its holdings in TopBuild by 99.6% during the 4th quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock valued at $176,000 after acquiring an additional 1,152 shares during the period. Everence Capital Management Inc. purchased a new stake in TopBuild during the 4th quarter valued at about $205,000. Finally, Kovack Advisors Inc. purchased a new stake in TopBuild during the 4th quarter valued at about $223,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.
In other news, CFO John S. Peterson sold 6,932 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $75.36, for a total value of $522,395.52. Following the completion of the transaction, the chief financial officer now owns 34,943 shares of the company’s stock, valued at approximately $2,633,304.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Buck sold 23,112 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $74.12, for a total value of $1,713,061.44. Following the completion of the transaction, the insider now directly owns 73,917 shares of the company’s stock, valued at approximately $5,478,728.04. The disclosure for this sale can be found here. Insiders sold a total of 32,271 shares of company stock valued at $2,405,043 in the last three months. Corporate insiders own 1.30% of the company’s stock.
BLD has been the subject of several analyst reports. ValuEngine cut TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Jefferies Group initiated coverage on TopBuild in a report on Tuesday, December 12th. They set a “buy” rating and a $79.00 target price for the company. Nomura upgraded TopBuild from a “neutral” rating to a “buy” rating and increased their target price for the company from $69.00 to $78.00 in a report on Monday, December 18th. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Friday, January 5th. Finally, SunTrust Banks upped their price target on TopBuild to $82.00 and gave the company a “reduce” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. TopBuild presently has a consensus rating of “Buy” and a consensus target price of $72.57.
TopBuild Corp (NYSE:BLD) opened at $81.28 on Thursday. The company has a market capitalization of $2,846.06, a P/E ratio of 28.60 and a beta of 0.68. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.23. TopBuild Corp has a 52-week low of $44.78 and a 52-week high of $81.48.
TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $501.40 million during the quarter, compared to analyst estimates of $491.80 million. TopBuild had a return on equity of 10.65% and a net margin of 8.30%. TopBuild’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. equities research analysts forecast that TopBuild Corp will post 4.01 earnings per share for the current fiscal year.
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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