First Trust Advisors LP lifted its stake in TopBuild Corp (NYSE:BLD) by 476.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,791 shares of the construction company’s stock after purchasing an additional 36,197 shares during the period. First Trust Advisors LP owned 0.12% of TopBuild worth $3,317,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of BLD. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TopBuild by 53.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock worth $155,000 after buying an additional 719 shares in the last quarter. Meeder Asset Management Inc. increased its stake in TopBuild by 99.6% in the 4th quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock worth $176,000 after buying an additional 1,152 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in TopBuild in the 4th quarter worth $205,000. Kovack Advisors Inc. purchased a new stake in TopBuild in the 4th quarter worth $223,000. Finally, M&T Bank Corp purchased a new stake in TopBuild in the 4th quarter worth $230,000. Hedge funds and other institutional investors own 94.76% of the company’s stock.
In other TopBuild news, insider Robert M. Buck sold 23,112 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $74.12, for a total transaction of $1,713,061.44. Following the completion of the transaction, the insider now owns 73,917 shares of the company’s stock, valued at approximately $5,478,728.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul Joachimczyk sold 2,227 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $76.15, for a total transaction of $169,586.05. Following the transaction, the vice president now directly owns 7,699 shares of the company’s stock, valued at approximately $586,278.85. The disclosure for this sale can be found here. Insiders have sold a total of 32,271 shares of company stock valued at $2,405,043 in the last three months. Insiders own 1.30% of the company’s stock.
TopBuild Corp (NYSE:BLD) opened at $80.08 on Wednesday. TopBuild Corp has a 1-year low of $44.02 and a 1-year high of $81.17. The company has a market cap of $2,821.19, a PE ratio of 28.35 and a beta of 0.68. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.23.
TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, February 27th. The construction company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. TopBuild had a net margin of 8.30% and a return on equity of 10.65%. The business had revenue of $501.40 million during the quarter, compared to the consensus estimate of $491.80 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue was up 12.9% on a year-over-year basis. equities research analysts forecast that TopBuild Corp will post 3.9 earnings per share for the current fiscal year.
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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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