Principal Financial Group Inc. lessened its holdings in shares of TopBuild Corp. (NYSE:BLD) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,779 shares of the construction company’s stock after selling 7,720 shares during the quarter. Principal Financial Group Inc. owned 0.82% of TopBuild Corp. worth $16,121,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in TopBuild Corp. by 0.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,311 shares of the construction company’s stock valued at $250,000 after purchasing an additional 49 shares in the last quarter. UBS Group AG increased its stake in TopBuild Corp. by 1.7% during the 1st quarter. UBS Group AG now owns 8,197 shares of the construction company’s stock valued at $386,000 after purchasing an additional 137 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in TopBuild Corp. by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 29,231 shares of the construction company’s stock valued at $1,552,000 after purchasing an additional 200 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in TopBuild Corp. by 8.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,061 shares of the construction company’s stock valued at $239,000 after purchasing an additional 395 shares in the last quarter. Finally, Mason Street Advisors LLC increased its stake in TopBuild Corp. by 6.1% during the 1st quarter. Mason Street Advisors LLC now owns 8,820 shares of the construction company’s stock valued at $415,000 after purchasing an additional 507 shares in the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.

BLD has been the subject of a number of recent research reports. TheStreet upgraded shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a research note on Thursday, August 10th. KeyCorp restated an “overweight” rating and set a $59.00 price target (up previously from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Finally, BidaskClub lowered shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. 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’s stock. The stock has an average rating of “Buy” and a consensus price target of $54.60.

Shares of TopBuild Corp. (NYSE BLD) opened at 58.82 on Monday. TopBuild Corp. has a 1-year low of $28.81 and a 1-year high of $60.00. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 32.61 and a beta of 0.61. The stock has a 50 day moving average of $58.63 and a 200 day moving average of $51.89.

TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The firm had revenue of $474.50 million during the quarter, compared to the consensus estimate of $477.72 million. During the same period last year, the company earned $0.43 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that TopBuild Corp. will post $2.80 EPS for the current year.

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In other news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the completion of the transaction, the chief executive officer now directly owns 149,201 shares in the company, valued at $8,476,108.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

TopBuild Corp. 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.

Institutional Ownership by Quarter for TopBuild Corp. (NYSE:BLD)

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