KBC Group NV Purchases New Stake in TopBuild Corp (BLD)
KBC Group NV purchased a new stake in shares of TopBuild Corp (NYSE:BLD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,067 shares of the construction company’s stock, valued at approximately $1,543,000. KBC Group NV owned 0.08% of TopBuild Corp at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. purchased a new stake in TopBuild Corp during the second quarter valued at approximately $111,000. Ameritas Investment Partners Inc. purchased a new stake in TopBuild Corp during the first quarter valued at approximately $156,000. Victory Capital Management Inc. raised its stake in TopBuild Corp by 22.7% in the first quarter. Victory Capital Management Inc. now owns 3,370 shares of the construction company’s stock valued at $158,000 after buying an additional 624 shares during the last quarter. LS Investment Advisors LLC raised its stake in TopBuild Corp by 164.8% in the first quarter. LS Investment Advisors LLC now owns 3,774 shares of the construction company’s stock valued at $177,000 after buying an additional 2,349 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in TopBuild Corp by 12.9% in the first quarter. SG Americas Securities LLC now owns 4,451 shares of the construction company’s stock valued at $209,000 after buying an additional 507 shares during the last quarter. 91.99% of the stock is owned by institutional investors and hedge funds.
TopBuild Corp (NYSE:BLD) opened at 56.13 on Wednesday. TopBuild Corp has a 12 month low of $28.81 and a 12 month high of $59.34. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 31.11 and a beta of 0.63. The company has a 50 day moving average of $54.71 and a 200 day moving average of $49.84.
TopBuild Corp (NYSE:BLD) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. The company had revenue of $474.50 million during the quarter, compared to analyst estimates of $477.72 million. TopBuild Corp had a return on equity of 9.84% and a net margin of 4.94%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. On average, equities analysts predict that TopBuild Corp will post $2.81 EPS for the current year.
BLD has been the subject of several analyst reports. TheStreet raised shares of TopBuild Corp from a “c” rating to a “b-” rating in a research report on Friday, June 16th. BidaskClub lowered shares of TopBuild Corp from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research lowered shares of TopBuild Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Instinet increased their price objective on shares of TopBuild Corp from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, May 10th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $59.00 price objective (up from $56.00) on shares of TopBuild Corp in a research report on Monday, June 26th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. TopBuild Corp presently has a consensus rating of “Buy” and an average target price of $54.60.
In other news, CEO Gerald Volas sold 44,356 shares of TopBuild Corp stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $56.81, for a total value of $2,519,864.36. Following the completion of the transaction, the chief executive officer now owns 149,201 shares in the company, valued at approximately $8,476,108.81. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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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