TopBuild Corp. (NYSE:BLD) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.94 and last traded at $38.76, with a volume of 105,729 shares trading hands. The stock had previously closed at $38.29.

Separately, Zacks Investment Research downgraded TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. TopBuild Corp. presently has an average rating of “Buy” and an average target price of $36.40.

The company has a market cap of $1.49 billion and a P/E ratio of 15.63. The firm has a 50 day moving average of $36.73 and a 200 day moving average of $31.35.

TopBuild Corp. (NYSE:BLD) last announced its earnings results on Wednesday, May 11th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.15. The firm had revenue of $414 million for 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. Analysts expect that TopBuild Corp. will post $2.04 earnings per share for the current year.

Several institutional investors recently bought and sold shares of BLD. Rhumbline Advisers boosted its position 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 in the last quarter. New York State Common Retirement Fund boosted 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 valued at $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 boosted 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 valued at $1,942,000 after buying an additional 16,850 shares in the last quarter. Principal Financial Group Inc. boosted 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 valued at $7,927,000 after buying an additional 8,716 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 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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