TopBuild Corp. (NYSE:BLD) Position Held by Shell Asset Management Co.
Shell Asset Management Co. held its stake in shares of TopBuild Corp. (NYSE:BLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,808 shares of the construction company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in TopBuild Corp. were worth $627,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of TopBuild Corp. by 35,157.0% in the first quarter. BlackRock Inc. now owns 5,520,188 shares of the construction company’s stock valued at $259,449,000 after buying an additional 5,504,531 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of TopBuild Corp. by 14.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,196,035 shares of the construction company’s stock valued at $103,213,000 after buying an additional 275,422 shares during the period. Norges Bank acquired a new stake in shares of TopBuild Corp. during the fourth quarter valued at $9,005,000. Teachers Advisors LLC boosted its stake in shares of TopBuild Corp. by 358.1% in the first quarter. Teachers Advisors LLC now owns 296,630 shares of the construction company’s stock valued at $13,942,000 after buying an additional 231,880 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of TopBuild Corp. by 3,058.9% in the second quarter. Bank of Montreal Can now owns 178,795 shares of the construction company’s stock valued at $9,489,000 after buying an additional 173,135 shares during the period. Institutional investors and hedge funds own 92.45% of the company’s stock.
TopBuild Corp. (NYSE:BLD) opened at 58.16 on Friday. The stock has a 50 day moving average of $53.78 and a 200 day moving average of $48.48. The firm has a market capitalization of $2.12 billion, a PE ratio of 32.24 and a beta of 0.63. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $59.34.
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. The firm had revenue of $474.50 million for the quarter, compared to the consensus estimate of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. On average, equities analysts predict that TopBuild Corp. will post $2.78 earnings per share for the current fiscal year.
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BLD has been the subject of several analyst reports. Instinet lifted their price objective on shares of TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 10th. KeyCorp restated an “overweight” rating and issued a $59.00 target price (up from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. TheStreet upgraded shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research cut shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.60.
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). Its Installation segment principally includes the sales and installation of insulation and other building products.
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