TopBuild Corp. (BLD) Shares Bought by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP grew its position in TopBuild Corp. (NYSE:BLD) by 7.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,360,626 shares of the construction company’s stock after acquiring an additional 164,591 shares during the quarter. Dimensional Fund Advisors LP owned about 6.41% of TopBuild Corp. worth $125,278,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Citadel Advisors LLC boosted its holdings in shares of TopBuild Corp. by 279.8% in the second quarter. Citadel Advisors LLC now owns 16,873 shares of the construction company’s stock valued at $895,000 after acquiring an additional 12,430 shares during the period. EAM Investors LLC acquired a new stake in shares of TopBuild Corp. in the second quarter valued at approximately $2,878,000. Parametric Portfolio Associates LLC boosted its holdings in shares of TopBuild Corp. by 17.1% in the second quarter. Parametric Portfolio Associates LLC now owns 181,441 shares of the construction company’s stock valued at $9,629,000 after acquiring an additional 26,512 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of TopBuild Corp. by 6.1% in the second quarter. Suntrust Banks Inc. now owns 15,535 shares of the construction company’s stock valued at $823,000 after acquiring an additional 891 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of TopBuild Corp. in the second quarter valued at approximately $470,000. 92.01% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on BLD shares. TheStreet raised TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. Zacks Investment Research raised TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a report on Thursday, August 10th. KeyCorp reissued an “overweight” rating and issued a $59.00 price objective (up from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. Finally, BidaskClub downgraded TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. TopBuild Corp. presently has an average rating of “Buy” and an average price target of $54.60.
In other 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 completion of the sale, the chief executive officer now directly owns 149,201 shares in the company, valued at approximately $8,476,108.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.
Shares of TopBuild Corp. (NYSE:BLD) opened at 65.17 on Friday. TopBuild Corp. has a one year low of $28.81 and a one year high of $65.44. The company’s 50 day moving average price is $58.99 and its 200 day moving average price is $58.99. The firm has a market capitalization of $2.37 billion, a P/E ratio of 36.13 and a beta of 0.61.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The business had revenue of $474.50 million during the quarter, compared to the consensus estimate of $477.72 million. During the same period in the previous year, the business earned $0.43 EPS. The business’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts expect that TopBuild Corp. will post $2.80 EPS for the current fiscal year.
TopBuild Corp. 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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