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

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

The company has a 50-day moving average of $36.86 and a 200-day moving average of $31.48. The stock has a market capitalization of $1.46 billion and a price-to-earnings ratio of 15.35.

TopBuild Corp. (NYSE:BLD) last issued its earnings results on Wednesday, May 11th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.16 by $0.15. The firm earned $414 million during 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 research analysts expect that TopBuild Corp. will post $2.04 EPS for the current fiscal year.

Other hedge funds and institutional investors have recently modified their holdings of the company. 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 valued at $12,308,000 after buying an additional 305,844 shares during the period. 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 valued at $7,927,000 after buying an additional 8,716 shares during the period. 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 valued at $7,939,000 after buying an additional 34,960 shares during the period. Finally, Rhumbline Advisers boosted 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 valued at $1,282,000 after buying an additional 1,891 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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