ClariVest Asset Management LLC decreased its position in shares of TopBuild Corp (NYSE:BLD) by 14.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,900 shares of the construction company’s stock after selling 2,400 shares during the period. ClariVest Asset Management LLC’s holdings in TopBuild were worth $1,089,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of BLD. Investec Asset Management North America Inc. purchased a new stake in shares of TopBuild during the second quarter valued at about $17,665,000. Investec Asset Management LTD purchased a new stake in shares of TopBuild during the second quarter valued at about $68,649,000. Federated Investors Inc. PA lifted its position in shares of TopBuild by 837.7% during the second quarter. Federated Investors Inc. PA now owns 119,383 shares of the construction company’s stock valued at $9,352,000 after buying an additional 106,652 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of TopBuild by 74.8% during the second quarter. Brown Advisory Inc. now owns 541,999 shares of the construction company’s stock valued at $42,460,000 after buying an additional 231,843 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of TopBuild by 3.6% during the second quarter. Legal & General Group Plc now owns 76,510 shares of the construction company’s stock valued at $6,028,000 after buying an additional 2,633 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.
In other news, VP John S. Peterson sold 1,887 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $77.28, for a total transaction of $145,827.36. Following the transaction, the vice president now owns 33,927 shares in the company, valued at $2,621,878.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Buck sold 17,766 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $77.40, for a total transaction of $1,375,088.40. Following the completion of the transaction, the insider now owns 62,696 shares in the company, valued at approximately $4,852,670.40. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
BLD opened at $62.09 on Friday. TopBuild Corp has a 52-week low of $57.82 and a 52-week high of $87.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.56. The stock has a market cap of $2.25 billion, a PE ratio of 18.37 and a beta of 0.36.
TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, August 7th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.08. TopBuild had a net margin of 9.10% and a return on equity of 12.42%. The firm had revenue of $605.97 million for the quarter, compared to the consensus estimate of $594.43 million. analysts anticipate that TopBuild Corp will post 4.19 earnings per share for the current fiscal year.
Several research firms have commented on BLD. Macquarie decreased their price target on shares of TopBuild from $83.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday. Zacks Investment Research raised shares of TopBuild from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Thursday, May 10th. ValuEngine lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. MKM Partners assumed coverage on shares of TopBuild in a report on Wednesday, June 27th. They set a “buy” rating and a $99.00 price objective on the stock. Finally, Evercore ISI assumed coverage on shares of TopBuild in a report on Thursday, June 28th. They set an “outperform” rating and a $95.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $90.20.
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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