Russell Investments Group Ltd. grew its position in shares of TopBuild Corp (NYSE:BLD) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,840 shares of the construction company’s stock after buying an additional 11,470 shares during the quarter. Russell Investments Group Ltd.’s holdings in TopBuild were worth $12,717,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of BLD. Capital Research Global Investors lifted its position in shares of TopBuild by 77.7% during the 1st quarter. Capital Research Global Investors now owns 2,665,932 shares of the construction company’s stock worth $190,987,000 after buying an additional 1,165,403 shares in the last quarter. FDx Advisors Inc. bought a new position in shares of TopBuild during the 1st quarter worth approximately $256,000. Columbus Circle Investors bought a new position in shares of TopBuild during the 1st quarter worth approximately $11,387,000. Mizuho Securities USA LLC bought a new position in shares of TopBuild during the 2nd quarter worth approximately $17,312,000. Finally, Granite Investment Partners LLC bought a new position in shares of TopBuild during the 2nd quarter worth approximately $16,070,000. 94.08% of the stock is currently owned by hedge funds and other institutional investors.
In other news, COO Robert M. Buck sold 11,815 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $139.58, for a total transaction of $1,649,137.70. Following the completion of the transaction, the chief operating officer now directly owns 34,012 shares in the company, valued at approximately $4,747,394.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert M. Kuhns sold 310 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $138.09, for a total transaction of $42,807.90. Following the completion of the transaction, the vice president now owns 410 shares of the company’s stock, valued at $56,616.90. The disclosure for this sale can be found here. Insiders have sold a total of 101,250 shares of company stock valued at $12,724,840 over the last 90 days. Company insiders own 1.70% of the company’s stock.
A number of research firms recently commented on BLD. Deutsche Bank lifted their price target on shares of TopBuild from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. BTIG Research raised shares of TopBuild from a “neutral” rating to a “buy” rating and set a $168.00 price target on the stock in a report on Monday, August 10th. Credit Suisse Group lifted their price target on shares of TopBuild from $149.00 to $176.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Benchmark lifted their price target on shares of TopBuild from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Stephens lifted their price target on shares of TopBuild from $100.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $132.08.
Shares of BLD stock opened at $156.45 on Tuesday. The company’s fifty day simple moving average is $127.37 and its two-hundred day simple moving average is $106.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.78 and a quick ratio of 1.46. TopBuild Corp has a 1 year low of $54.83 and a 1 year high of $157.34. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 25.32 and a beta of 1.39.
TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 4th. The construction company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.49. The firm had revenue of $646.10 million during the quarter, compared to analyst estimates of $610.10 million. TopBuild had a net margin of 7.84% and a return on equity of 17.34%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. Equities research analysts anticipate that TopBuild Corp will post 6.03 EPS for the current year.
TopBuild Profile
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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