ETRADE Capital Management LLC lowered its position in shares of TopBuild (NYSE:BLD) by 25.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,929 shares of the construction company’s stock after selling 6,079 shares during the quarter. ETRADE Capital Management LLC owned about 0.05% of TopBuild worth $1,372,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in TopBuild by 10.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,183,511 shares of the construction company’s stock valued at $89,639,000 after acquiring an additional 110,431 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in shares of TopBuild by 2.2% during the fourth quarter. OppenheimerFunds Inc. now owns 284,927 shares of the construction company’s stock valued at $21,580,000 after purchasing an additional 6,175 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of TopBuild by 12.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 250,760 shares of the construction company’s stock valued at $19,189,000 after purchasing an additional 26,964 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of TopBuild by 162.7% during the fourth quarter. Allianz Asset Management GmbH now owns 172,710 shares of the construction company’s stock valued at $13,081,000 after purchasing an additional 106,958 shares during the period. Finally, Emerald Advisers Inc. PA acquired a new position in shares of TopBuild during the fourth quarter valued at about $12,771,000. 95.69% of the stock is currently owned by institutional investors and hedge funds.
BLD opened at $78.36 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.23. TopBuild has a fifty-two week low of $78.61 and a fifty-two week high of $80.89. The stock has a market capitalization of $2.90 billion, a P/E ratio of 26.50 and a beta of 0.57.
TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 8th. The construction company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.07. TopBuild had a net margin of 9.52% and a return on equity of 11.49%. The company had revenue of $491.00 million for the quarter, compared to analyst estimates of $486.34 million. During the same quarter in the prior year, the business posted $0.46 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. equities analysts forecast that TopBuild will post 4.15 EPS for the current fiscal year.
In related news, insider Robert M. Buck sold 23,112 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $74.12, for a total value of $1,713,061.44. Following the sale, the insider now owns 73,917 shares in the company, valued at approximately $5,478,728.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John S. Peterson sold 6,932 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $75.36, for a total transaction of $522,395.52. Following the completion of the sale, the chief financial officer now owns 34,943 shares in the company, valued at approximately $2,633,304.48. The disclosure for this sale can be found here. Insiders sold a total of 32,271 shares of company stock worth $2,405,043 in the last 90 days. 1.40% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on BLD shares. Zacks Investment Research lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Jefferies Group reiterated a “buy” rating and set a $91.00 price objective on shares of TopBuild in a report on Monday, April 23rd. SunTrust Banks upped their price objective on shares of TopBuild to $82.00 and gave the company a “reduce” rating in a report on Wednesday, February 28th. Nomura set a $100.00 price objective on shares of TopBuild and gave the company a “buy” rating in a report on Tuesday, March 13th. Finally, ValuEngine upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $86.20.
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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