TopBuild Corp. (NYSE:BLD)’s share price hit a new 52-week high on Monday . The company traded as high as $38.20 and last traded at $37.79, with a volume of 164,634 shares. The stock had previously closed at $37.54.

Separately, Zacks Investment Research raised shares of TopBuild Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $36.33.

The company has a 50 day moving average of $36.06 and a 200 day moving average of $30.73. The firm has a market cap of $1.45 billion and a PE ratio of 15.28.

TopBuild Corp. (NYSE:BLD) last released its quarterly earnings results on Wednesday, May 11th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.15. The business had revenue of $414 million for the quarter, compared to the consensus estimate of $386.23 million. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities analysts anticipate that TopBuild Corp. will post $2.03 earnings per share for the current fiscal year.

Several institutional investors have added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in TopBuild Corp. by 324.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 399,991 shares of the company’s stock valued at $12,308,000 after buying an additional 305,844 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of TopBuild Corp. by 15.7% in the fourth quarter. New York State Common Retirement Fund now owns 257,995 shares of the company’s stock worth $7,939,000 after buying an additional 34,960 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of TopBuild Corp. by 36.4% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 63,120 shares of the company’s stock worth $1,942,000 after buying an additional 16,850 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of TopBuild Corp. by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 257,605 shares of the company’s stock worth $7,927,000 after buying an additional 8,716 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of TopBuild Corp. by 4.8% in the fourth quarter. Rhumbline Advisers now owns 41,668 shares of the company’s stock worth $1,282,000 after buying an additional 1,891 shares in the last quarter.

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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.

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