Mackay Shields LLC lifted its holdings in shares of TopBuild Corp (NYSE:BLD) by 37.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,200 shares of the construction company’s stock after acquiring an additional 12,900 shares during the quarter. Mackay Shields LLC owned about 0.14% of TopBuild worth $4,551,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of BLD. Westfield Capital Management Co. LP lifted its holdings in shares of TopBuild by 67.6% during the 2nd quarter. Westfield Capital Management Co. LP now owns 909,408 shares of the construction company’s stock valued at $75,263,000 after acquiring an additional 366,828 shares in the last quarter. Invesco Ltd. lifted its holdings in TopBuild by 45.1% in the 2nd quarter. Invesco Ltd. now owns 587,216 shares of the construction company’s stock worth $48,598,000 after buying an additional 182,591 shares in the last quarter. Morgan Stanley lifted its holdings in TopBuild by 364.8% in the 2nd quarter. Morgan Stanley now owns 218,912 shares of the construction company’s stock worth $18,117,000 after buying an additional 171,813 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in TopBuild in the 2nd quarter worth $12,667,000. Finally, Lodge Hill Capital LLC lifted its holdings in TopBuild by 257.5% in the 2nd quarter. Lodge Hill Capital LLC now owns 145,000 shares of the construction company’s stock worth $12,000,000 after buying an additional 104,439 shares in the last quarter. Institutional investors and hedge funds own 94.88% of the company’s stock.
A number of brokerages have commented on BLD. Zacks Investment Research upgraded shares of TopBuild from a “hold” rating to a “strong-buy” rating and set a $125.00 price objective on the stock in a report on Tuesday, November 5th. SunTrust Banks boosted their price objective on shares of TopBuild from $86.00 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Zelman & Associates upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. Buckingham Research boosted their price objective on shares of TopBuild from $101.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Nomura boosted their price objective on shares of TopBuild from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $104.00.
BLD stock traded down $0.37 during trading on Friday, reaching $105.38. The stock had a trading volume of 237,039 shares, compared to its average volume of 301,588. TopBuild Corp has a 1-year low of $41.27 and a 1-year high of $111.48. The company has a current ratio of 1.64, a quick ratio of 1.33 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $3.59 billion, a P/E ratio of 25.15, a PEG ratio of 0.71 and a beta of 0.82. The firm has a fifty day moving average price of $99.36 and a 200 day moving average price of $87.39.
TopBuild (NYSE:BLD) last issued its earnings results on Thursday, October 31st. The construction company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.14. The business had revenue of $682.30 million for the quarter, compared to analyst estimates of $673.76 million. TopBuild had a net margin of 7.06% and a return on equity of 16.15%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.23 EPS. Sell-side analysts predict that TopBuild Corp will post 5.38 EPS for the current year.
In other news, CFO John S. Peterson sold 568 shares of the company’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 sale, the chief financial officer now owns 8,050 shares in the company, valued at approximately $883,407. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Robert M. Buck sold 3,401 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $109.29, for a total transaction of $371,695.29. Following the completion of the sale, the chief operating officer now owns 31,080 shares in the company, valued at approximately $3,396,733.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,256 shares of company stock worth $3,051,135. Company insiders own 2.30% of the company’s stock.
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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