Tocqueville Asset Management L.P. grew its position in TopBuild Corp (NYSE:BLD) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,763 shares of the construction company’s stock after acquiring an additional 263 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in TopBuild were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of BLD. Advisor Group Inc. increased its holdings in shares of TopBuild by 70.3% in the 2nd quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock valued at $27,000 after acquiring an additional 135 shares during the last quarter. Winslow Evans & Crocker Inc. grew its stake in TopBuild by 1,071.4% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 328 shares of the construction company’s stock worth $32,000 after buying an additional 300 shares during the last quarter. Private Capital Group LLC grew its stake in TopBuild by 253.8% during the 2nd quarter. Private Capital Group LLC now owns 835 shares of the construction company’s stock worth $65,000 after buying an additional 599 shares during the last quarter. Royal Bank of Canada grew its stake in TopBuild by 38.6% during the 2nd quarter. Royal Bank of Canada now owns 805 shares of the construction company’s stock worth $66,000 after buying an additional 224 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in TopBuild during the 2nd quarter worth $74,000. Institutional investors and hedge funds own 94.88% of the company’s stock.
Shares of BLD opened at $105.75 on Friday. The company has a market cap of $3.62 billion, a P/E ratio of 25.24, a PEG ratio of 0.71 and a beta of 0.82. The stock has a fifty day moving average price of $99.16 and a 200 day moving average price of $87.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.64 and a quick ratio of 1.33. TopBuild Corp has a 12 month low of $41.27 and a 12 month high of $111.48.
TopBuild (NYSE:BLD) last issued its quarterly earnings data 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 firm had revenue of $682.30 million during the quarter, compared to the consensus estimate of $673.76 million. TopBuild had a return on equity of 16.15% and a net margin of 7.06%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. As a group, research analysts anticipate that TopBuild Corp will post 5.38 earnings per share for the current year.
A number of brokerages recently commented on BLD. Nomura upped their price objective on TopBuild from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Zelman & Associates upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Buckingham Research upped their price objective 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 upped their price objective on TopBuild from $86.00 to $100.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Zacks Investment Research upgraded TopBuild from a “hold” rating to a “strong-buy” rating and set a $125.00 price objective for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $104.00.
In other TopBuild news, CFO John S. Peterson sold 568 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $109.74, for a total transaction of $62,332.32. Following the completion of the transaction, the chief financial officer now owns 8,050 shares in the company, valued at approximately $883,407. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gerald Volas sold 23,988 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $107.97, for a total value of $2,589,984.36. Following the transaction, the chief executive officer now owns 71,017 shares of the company’s stock, valued at approximately $7,667,705.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,256 shares of company stock valued at $3,051,135. 2.30% of the stock is owned by company insiders.
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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