TopBuild Corp. (BLD) Position Decreased by Thompson Investment Management Inc.
Thompson Investment Management Inc. lessened its holdings in TopBuild Corp. (NYSE:BLD) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,544 shares of the construction company’s stock after selling 3,474 shares during the period. TopBuild Corp. comprises about 1.2% of Thompson Investment Management Inc.’s portfolio, making the stock its 25th largest holding. Thompson Investment Management Inc. owned 0.27% of TopBuild Corp. worth $6,487,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in TopBuild Corp. by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock worth $154,490,000 after buying an additional 139,066 shares during the last quarter. FMR LLC boosted its holdings in TopBuild Corp. by 7.2% in the 2nd quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock worth $152,272,000 after buying an additional 193,582 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in TopBuild Corp. by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,626 shares of the construction company’s stock worth $125,278,000 after buying an additional 164,591 shares during the last quarter. State Street Corp boosted its holdings in TopBuild Corp. by 10.2% in the 2nd quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock worth $59,890,000 after buying an additional 104,562 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in TopBuild Corp. by 12.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,109,157 shares of the construction company’s stock worth $58,863,000 after buying an additional 122,281 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.
In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of the business’s 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 sale, the chief executive officer now owns 149,201 shares of the company’s stock, valued at $8,476,108.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.
BLD has been the topic of several recent research reports. BidaskClub cut TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. SunTrust Banks, Inc. restated a “buy” rating and set a $75.00 target price on shares of TopBuild Corp. in a report on Wednesday, October 4th. Nomura boosted their target price on TopBuild Corp. from $58.00 to $61.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a report on Thursday, August 10th. Finally, ValuEngine upgraded TopBuild Corp. from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $60.67.
TopBuild Corp. (NYSE BLD) traded down $0.99 during mid-day trading on Thursday, hitting $63.51. 134,500 shares of the stock traded hands, compared to its average volume of 250,671. The stock has a market cap of $2,294.87, a price-to-earnings ratio of 25.29 and a beta of 0.62. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. TopBuild Corp. has a 1 year low of $35.31 and a 1 year high of $67.27.
TopBuild Corp. (NYSE:BLD) last announced its earnings results on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $489.04 million for the quarter, compared to analyst estimates of $491.43 million. TopBuild Corp. had a return on equity of 9.88% and a net margin of 4.03%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 earnings per share. sell-side analysts forecast that TopBuild Corp. will post 2.74 EPS for the current fiscal year.
About TopBuild Corp.
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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