TopBuild Corp. (NYSE:BLD) traded down 2.1% on Thursday . The company traded as low as $37.13 and last traded at $37.22, with a volume of 162,409 shares trading hands. The stock had previously closed at $38.00.

Separately, Zacks Investment Research upgraded 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 stock. The company has an average rating of “Buy” and a consensus price target of $36.33.

The firm has a market cap of $1.43 billion and a PE ratio of 15.07. The firm’s 50 day moving average is $36.35 and its 200 day moving average is $30.93.

TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.15. The company earned $414 million during the quarter, compared to analyst estimates of $386.23 million. TopBuild Corp.’s quarterly revenue was up 15.5% on a year-over-year basis. On average, analysts expect that TopBuild Corp. will post $2.04 earnings per share for the current fiscal year.

Other hedge funds and institutional investors recently bought and sold shares of the company. Rhumbline Advisers increased its position in 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 during the period. New York State Common Retirement Fund increased its position in 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 during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in 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 during the period. Principal Financial Group Inc. increased its position in 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 during the period. Finally, 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 worth $12,308,000 after buying an additional 305,844 shares during the period.

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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