Marshall Wace North America L.P. Purchases Shares of 8,211 TopBuild Corp. (BLD)
Marshall Wace North America L.P. purchased a new position in shares of TopBuild Corp. (NYSE:BLD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,211 shares of the construction company’s stock, valued at approximately $435,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. KDI Capital Partners LLC purchased a new position in TopBuild Corp. during the second quarter worth about $2,815,000. KBC Group NV purchased a new position in TopBuild Corp. during the second quarter worth about $1,543,000. BNP Paribas Arbitrage SA boosted its holdings in TopBuild Corp. by 46.7% during the second quarter. BNP Paribas Arbitrage SA now owns 12,061 shares of the construction company’s stock worth $640,000 after purchasing an additional 3,838 shares during the last quarter. Legal & General Group Plc boosted its holdings in TopBuild Corp. by 5.9% during the second quarter. Legal & General Group Plc now owns 71,805 shares of the construction company’s stock worth $3,811,000 after purchasing an additional 4,019 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in TopBuild Corp. by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 552,248 shares of the construction company’s stock worth $29,307,000 after purchasing an additional 5,550 shares during the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.
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In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the completion of the sale, the chief executive officer now directly owns 149,201 shares in the company, valued at approximately $8,476,108.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
Several research firms recently weighed in on BLD. Zacks Investment Research upgraded shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target on the stock in a report on Thursday, August 10th. BidaskClub cut shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. KeyCorp restated an “overweight” rating and set a $59.00 price target (up from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. Finally, TheStreet upgraded shares of TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $54.60.
TopBuild Corp. (NYSE BLD) opened at 58.30 on Thursday. TopBuild Corp. has a 12-month low of $28.81 and a 12-month high of $60.00. The stock has a market capitalization of $2.12 billion, a PE ratio of 32.32 and a beta of 0.61. The company’s 50-day moving average is $58.85 and its 200 day moving average is $47.49.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The business had revenue of $474.50 million during the quarter, compared to analyst estimates of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. TopBuild Corp.’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. On average, equities research analysts expect that TopBuild Corp. will post $2.80 earnings per share for the current fiscal year.
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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