KBC Group NV lifted its holdings in TopBuild Corp (NYSE:BLD) by 10.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,862 shares of the construction company’s stock after purchasing an additional 1,203 shares during the period. KBC Group NV’s holdings in TopBuild were worth $1,064,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BLD. Pearl River Capital LLC raised its stake in shares of TopBuild by 542.0% during the 1st quarter. Pearl River Capital LLC now owns 642 shares of the construction company’s stock worth $42,000 after acquiring an additional 542 shares in the last quarter. Strs Ohio acquired a new position in TopBuild during the 1st quarter valued at approximately $58,000. ETF Managers Group LLC increased its stake in TopBuild by 9.8% during the 1st quarter. ETF Managers Group LLC now owns 1,869 shares of the construction company’s stock valued at $121,000 after purchasing an additional 167 shares in the last quarter. Advisors Asset Management Inc. increased its stake in TopBuild by 39.8% during the 1st quarter. Advisors Asset Management Inc. now owns 2,191 shares of the construction company’s stock valued at $142,000 after purchasing an additional 624 shares in the last quarter. Finally, DE Burlo Group Inc. acquired a new position in TopBuild during the 1st quarter valued at approximately $205,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.
In related news, VP David Cushen sold 8,254 shares of TopBuild stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $88.47, for a total value of $730,231.38. Following the completion of the transaction, the vice president now owns 11,984 shares in the company, valued at $1,060,224.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert M. Buck sold 6,419 shares of TopBuild stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $88.49, for a total transaction of $568,017.31. Following the completion of the transaction, the chief operating officer now owns 40,011 shares of the company’s stock, valued at approximately $3,540,573.39. The disclosure for this sale can be found here. In the last three months, insiders sold 43,541 shares of company stock valued at $3,889,352. Insiders own 2.30% of the company’s stock.
BLD traded up $0.38 during midday trading on Friday, hitting $93.13. 6,690 shares of the company traded hands, compared to its average volume of 212,790. TopBuild Corp has a 52-week low of $41.27 and a 52-week high of $96.01. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.63 and a beta of 0.81. The business has a 50 day simple moving average of $89.25 and a two-hundred day simple moving average of $77.85. The company has a current ratio of 1.63, a quick ratio of 1.31 and a debt-to-equity ratio of 0.67.
TopBuild (NYSE:BLD) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $1.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.15. TopBuild had a net margin of 6.67% and a return on equity of 15.65%. The business had revenue of $660.10 million during the quarter, compared to analyst estimates of $670.66 million. During the same quarter last year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that TopBuild Corp will post 5.22 earnings per share for the current year.
A number of brokerages have issued reports on BLD. ValuEngine lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. SunTrust Banks increased their price objective on shares of TopBuild to $86.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Nomura reiterated a “neutral” rating and issued a $85.00 price objective (down previously from $90.00) on shares of TopBuild in a research note on Thursday, May 16th. Finally, Zacks Investment Research downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Monday, September 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $80.33.
TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.
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