TopBuild Corp. (BLD) Shares Bought by Flinton Capital Management LLC
Flinton Capital Management LLC boosted its stake in TopBuild Corp. (NYSE:BLD) by 66.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,888 shares of the construction company’s stock after buying an additional 752 shares during the period. Flinton Capital Management LLC’s holdings in TopBuild Corp. were worth $100,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of BLD. Russell Investments Group Ltd. lifted its holdings in TopBuild Corp. by 24.6% in the first quarter. Russell Investments Group Ltd. now owns 32,131 shares of the construction company’s stock worth $1,510,000 after buying an additional 6,349 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of TopBuild Corp. by 47.5% during the first quarter. UBS Asset Management Americas Inc. now owns 15,622 shares of the construction company’s stock valued at $734,000 after purchasing an additional 5,030 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of TopBuild Corp. during the first quarter valued at approximately $156,000. Envestnet Asset Management Inc. increased its stake in shares of TopBuild Corp. by 8.5% during the first 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, Prudential Financial Inc. increased its stake in shares of TopBuild Corp. by 5.5% during the first quarter. Prudential Financial Inc. now owns 69,345 shares of the construction company’s stock valued at $3,259,000 after purchasing an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.
A number of equities analysts have weighed in on BLD shares. Zacks Investment Research raised shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Thursday, August 10th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $75.00 target price on shares of TopBuild Corp. in a research note on Wednesday, October 4th. KeyCorp reaffirmed an “overweight” rating and set a $59.00 target price (up previously from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Finally, BidaskClub downgraded shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. TopBuild Corp. presently has an average rating of “Buy” and a consensus price target of $58.00.
Shares of TopBuild Corp. (NYSE BLD) opened at 64.05 on Wednesday. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $67.27. The company’s 50 day moving average is $62.34 and its 200 day moving average is $62.34. The company has a market cap of $2.33 billion, a P/E ratio of 35.50 and a beta of 0.64.
TopBuild Corp. (NYSE:BLD) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.09. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The firm had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $477.72 million. During the same period last year, the business earned $0.43 earnings per share. TopBuild Corp.’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that TopBuild Corp. will post $2.78 EPS for the current fiscal year.
In related 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 $8,476,108.81. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.
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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