Voya Investment Management LLC trimmed its position in shares of TopBuild Corp (NYSE:BLD) by 43.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246,753 shares of the construction company’s stock after selling 190,782 shares during the quarter. Voya Investment Management LLC owned 0.73% of TopBuild worth $23,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of BLD. First Trust Advisors LP boosted its holdings in TopBuild by 19.8% during the 1st quarter. First Trust Advisors LP now owns 45,325 shares of the construction company’s stock worth $2,938,000 after acquiring an additional 7,493 shares during the last quarter. NEXT Financial Group Inc purchased a new position in TopBuild during the 2nd quarter worth $226,000. Strs Ohio boosted its holdings in TopBuild by 166.7% during the 2nd quarter. Strs Ohio now owns 2,400 shares of the construction company’s stock worth $198,000 after acquiring an additional 1,500 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in TopBuild during the 2nd quarter worth $1,485,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of TopBuild during the 2nd quarter worth $427,000. 92.74% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Steven P. Raia sold 1,255 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $106.88, for a total value of $134,134.40. Following the sale, the vice president now directly owns 3,246 shares in the company, valued at approximately $346,932.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John S. Peterson sold 568 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $109.74, for a total value of $62,332.32. Following the completion of the sale, the chief financial officer now owns 8,050 shares in the company, valued at $883,407. The disclosure for this sale can be found here. Insiders sold a total of 29,311 shares of company stock worth $3,167,269 over the last 90 days. 2.30% of the stock is currently owned by company insiders.
BLD has been the topic of a number of recent analyst reports. Deutsche Bank initiated coverage on TopBuild in a research note on Wednesday. They set a “buy” rating and a $129.00 target price on the stock. Buckingham Research lifted their target price on TopBuild from $101.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. SunTrust Banks lifted their target price on TopBuild from $86.00 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “strong-buy” rating and set a $125.00 target price on the stock in a research note on Tuesday, November 5th. Finally, Zelman & Associates cut TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Four investment 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 has a consensus rating of “Buy” and a consensus target price of $111.80.
NYSE BLD opened at $110.28 on Friday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 0.75 and a beta of 0.82. TopBuild Corp has a one year low of $41.27 and a one year high of $113.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.64 and a quick ratio of 1.33. The business’s fifty day moving average is $104.85 and its 200-day moving average is $90.89.
TopBuild (NYSE:BLD) last released its earnings results on Thursday, October 31st. The construction company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.14. The company had revenue of $682.30 million for the quarter, compared to analysts’ expectations of $673.76 million. TopBuild had a return on equity of 16.15% and a net margin of 7.06%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 EPS. Research analysts expect that TopBuild Corp will post 5.38 EPS for the current fiscal year.
TopBuild 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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