Amalgamated Bank trimmed its position in shares of TopBuild Corp. (NYSE:BLD) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,123 shares of the construction company’s stock after selling 71 shares during the period. Amalgamated Bank’s holdings in TopBuild Corp. were worth $272,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Fiera Capital Corp bought a new stake in shares of TopBuild Corp. during the 2nd quarter valued at $12,805,000. Citadel Advisors LLC bought a new stake in shares of TopBuild Corp. during the 1st quarter valued at $209,000. Chicago Equity Partners LLC bought a new stake in shares of TopBuild Corp. during the 2nd quarter valued at $2,599,000. Vanguard Group Inc. raised its position in shares of TopBuild Corp. by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock valued at $154,490,000 after purchasing an additional 139,066 shares during the period. Finally, Bank of America Corp DE raised its position in shares of TopBuild Corp. by 243.0% during the 1st quarter. Bank of America Corp DE now owns 223,578 shares of the construction company’s stock valued at $10,508,000 after purchasing an additional 158,394 shares during the period. Hedge funds and other institutional investors own 92.01% of the company’s stock.
Shares of TopBuild Corp. (NYSE BLD) opened at 63.95 on Thursday. TopBuild Corp. has a one year low of $28.81 and a one year high of $67.27. The firm has a 50-day moving average of $62.25 and a 200-day moving average of $62.25. The company has a market capitalization of $2.33 billion, a P/E ratio of 35.45 and a beta of 0.64.
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. The business had revenue of $474.50 million for the quarter, compared to the consensus estimate of $477.72 million. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Analysts forecast that TopBuild Corp. will post $2.80 earnings per share for the current year.
In other news, CEO Gerald Volas sold 44,356 shares of the stock in a transaction dated Friday, August 18th. The shares were 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 $8,476,108.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.
Several analysts have recently commented on BLD shares. KeyCorp restated an “overweight” rating and set a $59.00 price objective (up from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. TheStreet upgraded shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. Zacks Investment Research downgraded shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $75.00 price target on shares of TopBuild Corp. in a report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $58.00.
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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