TopBuild Corp. (BLD) Shares Bought by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can increased its position in TopBuild Corp. (NYSE:BLD) by 4.9% during the third quarter, Holdings Channel reports. The fund owned 51,383 shares of the company’s stock after buying an additional 2,419 shares during the period. Great West Life Assurance Co. Can owned 0.13% of TopBuild Corp. worth $1,706,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in TopBuild Corp. by 21.3% in the second quarter. BlackRock Fund Advisors now owns 3,348,259 shares of the company’s stock worth $121,207,000 after buying an additional 587,742 shares during the last quarter. Latimer Light Capital L.P. bought a new position in TopBuild Corp. during the second quarter worth approximately $18,338,000. Dimensional Fund Advisors LP boosted its position in TopBuild Corp. by 55.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,282,926 shares of the company’s stock worth $46,442,000 after buying an additional 457,922 shares during the last quarter. Marshall Wace LLP bought a new position in TopBuild Corp. during the second quarter worth approximately $11,836,000. Finally, AQR Capital Management LLC boosted its position in TopBuild Corp. by 29.1% in the second quarter. AQR Capital Management LLC now owns 1,158,055 shares of the company’s stock worth $41,922,000 after buying an additional 261,322 shares during the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.
Shares of TopBuild Corp. (NYSE:BLD) traded up 0.27% on Tuesday, reaching $37.06. 171,043 shares of the company’s stock traded hands. The firm’s 50 day moving average is $32.94 and its 200 day moving average is $34.70. The firm has a market capitalization of $1.41 billion, a P/E ratio of 12.70 and a beta of 0.29. TopBuild Corp. has a 52 week low of $23.02 and a 52 week high of $38.94.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.04. TopBuild Corp. had a return on equity of 7.67% and a net margin of 6.44%. The company earned $453 million during the quarter, compared to analysts’ expectations of $22.38 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that TopBuild Corp. will post $1.94 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research cut shares of TopBuild Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 8th.
TopBuild Corp. Company Profile
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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