BlueCrest Capital Management Ltd decreased its position in shares of TopBuild Corp (NYSE:BLD) by 66.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,084 shares of the construction company’s stock after selling 14,240 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in TopBuild were worth $537,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Delpha Capital Management LLC acquired a new stake in TopBuild in the 4th quarter valued at $144,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in TopBuild by 53.9% in 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. grew its stake in TopBuild by 99.6% in 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. acquired a new stake in TopBuild in the 4th quarter valued at $205,000. Finally, Kovack Advisors Inc. acquired a new stake in TopBuild in the 4th quarter valued at $223,000. 94.76% of the stock is currently owned by institutional investors and hedge funds.
In other TopBuild news, CFO John S. Peterson sold 6,932 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 34,943 shares in the company, valued at approximately $2,633,304.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul Joachimczyk sold 2,227 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $76.15, for a total value of $169,586.05. Following the completion of the transaction, the vice president now owns 7,699 shares in the company, valued at approximately $586,278.85. The disclosure for this sale can be found here. Insiders sold a total of 32,271 shares of company stock worth $2,405,043 in the last 90 days. 1.30% of the stock is currently owned by insiders.
TopBuild Corp (BLD) opened at $81.81 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2,888.71, a price-to-earnings ratio of 18.64 and a beta of 0.68. TopBuild Corp has a fifty-two week low of $44.81 and a fifty-two week high of $82.00.
TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $501.40 million for 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%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. equities research analysts forecast that TopBuild Corp will post 4.01 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on BLD shares. Nomura raised shares of TopBuild from a “neutral” rating to a “buy” rating and lifted their price target for the company from $69.00 to $78.00 in a research note on Monday, December 18th. Zacks Investment Research cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. ValuEngine lowered 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 issued a “buy” rating and a $79.00 price objective on the stock. Finally, SunTrust Banks raised their price objective on TopBuild to $82.00 and gave the company a “reduce” rating in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $76.00.
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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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