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

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

The firm has a market capitalization of $1.46 billion and a P/E ratio of 15.34. The stock’s 50-day moving average price is $36.42 and its 200 day moving average price is $30.98.

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, topping the consensus estimate of $0.16 by $0.15. The firm had revenue of $414 million for the quarter, compared to the consensus estimate of $386.23 million. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities analysts forecast that TopBuild Corp. will post $2.04 earnings per share for the current year.

Other hedge funds have added to or reduced their stakes in the company. Rhumbline Advisers boosted its stake in TopBuild Corp. by 4.8% in the fourth quarter. Rhumbline Advisers now owns 41,668 shares of the company’s stock valued at $1,282,000 after buying an additional 1,891 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted 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. boosted 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. New York State Common Retirement Fund boosted 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. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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 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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