TopBuild Corp. (BLD) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors increased its position in shares of TopBuild Corp. (NYSE:BLD) by 162.6% during the second quarter, Holdings Channel reports. The firm owned 44,721 shares of the company’s stock after buying an additional 27,694 shares during the period. Nationwide Fund Advisors owned 0.12% of TopBuild Corp. worth $1,619,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of BLD. Nisa Investment Advisors L.L.C. bought a new stake in TopBuild Corp. during the first quarter worth about $715,000. Prudential Financial Inc. raised its position in shares of TopBuild Corp. by 3.4% in the first quarter. Prudential Financial Inc. now owns 89,031 shares of the company’s stock valued at $2,648,000 after buying an additional 2,900 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of TopBuild Corp. by 955.0% in the first quarter. JPMorgan Chase & Co. now owns 254,490 shares of the company’s stock valued at $7,568,000 after buying an additional 230,368 shares during the last quarter. OMERS ADMINISTRATION Corp raised its position in shares of TopBuild Corp. by 12.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 16,000 shares of the company’s stock valued at $476,000 after buying an additional 1,800 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of TopBuild Corp. by 28.1% in the first quarter. Wellington Management Group LLP now owns 1,478,538 shares of the company’s stock valued at $43,972,000 after buying an additional 324,186 shares during the last quarter. Institutional investors and hedge funds own 93.47% of the company’s stock.
TopBuild Corp. (NYSE:BLD) opened at 32.27 on Monday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 11.93 and a beta of 0.19. TopBuild Corp. has a 12 month low of $23.02 and a 12 month high of $38.94. The company has a 50-day moving average price of $33.47 and a 200 day moving average price of $34.29.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.02. TopBuild Corp. had a return on equity of 7.36% and a net margin of 6.07%. The company had revenue of $432 million for the quarter, compared to analyst estimates of $446.65 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts predict that TopBuild Corp. will post ($0.15) earnings per share for the current year.
Separately, Zacks Investment Research lowered TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 19th.
About TopBuild Corp.
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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