State of Alaska Department of Revenue increased its position in shares of TopBuild Corp (NYSE:BLD) by 125.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,439 shares of the construction company’s stock after purchasing an additional 14,721 shares during the quarter. State of Alaska Department of Revenue’s holdings in TopBuild were worth $2,549,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in TopBuild by 70.3% during the second quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock worth $27,000 after purchasing an additional 135 shares during the last quarter. Royal Bank of Canada raised its holdings in TopBuild by 38.6% during the second quarter. Royal Bank of Canada now owns 805 shares of the construction company’s stock worth $66,000 after purchasing an additional 224 shares during the last quarter. US Bancorp DE raised its holdings in TopBuild by 9.6% during the first quarter. US Bancorp DE now owns 5,020 shares of the construction company’s stock worth $326,000 after purchasing an additional 438 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in TopBuild by 17.8% during the second quarter. Envestnet Asset Management Inc. now owns 3,837 shares of the construction company’s stock worth $318,000 after purchasing an additional 581 shares during the last quarter. Finally, Private Capital Group LLC raised its holdings in shares of TopBuild by 253.8% in the second quarter. Private Capital Group LLC now owns 835 shares of the construction company’s stock worth $65,000 after acquiring an additional 599 shares during the last quarter. 94.89% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised TopBuild from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a report on Monday. Zelman & Associates raised TopBuild from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Finally, SunTrust Banks boosted their price target on TopBuild to $86.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $81.33.

In related news, CEO Gerald Volas sold 25,445 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $90.04, for a total value of $2,291,067.80. Following the completion of the transaction, the chief executive officer now directly owns 161,698 shares in the company, valued at $14,559,287.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John S. Peterson sold 3,124 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $87.36, for a total value of $272,912.64. Following the completion of the transaction, the chief financial officer now owns 31,708 shares of the company’s stock, valued at $2,770,010.88. The disclosure for this sale can be found here. Insiders sold 43,541 shares of company stock valued at $3,889,352 over the last quarter. Insiders own 2.30% of the company’s stock.

Shares of NYSE BLD traded up $1.19 during trading on Wednesday, reaching $96.64. The company had a trading volume of 604 shares, compared to its average volume of 300,318. TopBuild Corp has a twelve month low of $41.27 and a twelve month high of $97.99. The stock has a market capitalization of $3.28 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 0.66 and a beta of 0.81. The stock has a 50-day moving average price of $93.21 and a two-hundred day moving average price of $82.14. 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 released its quarterly earnings results on Thursday, August 1st. The construction company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.15. TopBuild had a return on equity of 15.65% and a net margin of 6.67%. The company had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $670.66 million. During the same period in the previous 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. On average, sell-side analysts predict that TopBuild Corp will post 5.24 EPS for the current year.

TopBuild Company 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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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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