Wolverine Trading LLC cut its holdings in shares of TopBuild Corp (NYSE:BLD) by 25.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,706 shares of the construction company’s stock after selling 1,933 shares during the period. Wolverine Trading LLC’s holdings in TopBuild were worth $432,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Nationwide Fund Advisors boosted its holdings in TopBuild by 30.8% in the third quarter. Nationwide Fund Advisors now owns 79,976 shares of the construction company’s stock valued at $5,212,000 after purchasing an additional 18,852 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of TopBuild during the 3rd quarter worth about $804,000. State Board of Administration of Florida Retirement System boosted its stake in shares of TopBuild by 19.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 31,939 shares of the construction company’s stock worth $2,081,000 after acquiring an additional 5,144 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of TopBuild during the 3rd quarter worth about $516,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of TopBuild by 59.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,244 shares of the construction company’s stock worth $1,254,000 after acquiring an additional 7,183 shares in the last quarter. 94.66% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO John S. Peterson sold 6,932 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $75.36, for a total value of $522,395.52. Following the sale, the chief financial officer now directly owns 34,943 shares in the company, valued at approximately $2,633,304.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Buck sold 23,112 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $74.12, for a total transaction of $1,713,061.44. Following the completion of the sale, the insider now owns 73,917 shares in the company, valued at $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. 1.30% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on BLD. Zacks Investment Research downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday. Nomura set a $100.00 price target on shares of TopBuild and gave the stock a “buy” rating in a research report on Tuesday, March 13th. ValuEngine upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. SunTrust Banks increased their price objective on shares of TopBuild to $82.00 and gave the company a “reduce” rating in a report on Wednesday, February 28th. Finally, Jefferies Group assumed coverage on shares of TopBuild in a report on Tuesday, December 12th. They set a “buy” rating and a $79.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $76.00.
BLD stock traded up $1.03 during trading hours on Wednesday, hitting $81.27. 155,848 shares of the company were exchanged, compared to its average volume of 274,403. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.08. The stock has a market cap of $2,886.58, a PE ratio of 18.56 and a beta of 0.68. TopBuild Corp has a 1 year low of $44.81 and a 1 year high of $82.26.
TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. TopBuild had a net margin of 8.30% and a return on equity of 10.65%. The company had revenue of $501.40 million during the quarter, compared to analysts’ expectations of $491.80 million. During the same quarter last year, the company posted $0.59 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. equities analysts predict that TopBuild Corp will post 4.01 earnings per share for the current year.
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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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