Nationwide Fund Advisors boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 15.6% during the third quarter, Holdings Channel reports. The firm owned 51,677 shares of the company’s stock after buying an additional 6,956 shares during the period. Nationwide Fund Advisors owned about 0.13% of TopBuild Corp. worth $1,716,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Alpha Windward LLC acquired a new stake in TopBuild Corp. during the second quarter worth approximately $419,000. Capstone Asset Management Co. increased its stake in TopBuild Corp. by 3.3% in the second quarter. Capstone Asset Management Co. now owns 11,461 shares of the company’s stock worth $415,000 after buying an additional 371 shares during the period. Independent Portfolio Consultants Inc. acquired a new stake in TopBuild Corp. during the second quarter worth approximately $145,000. Acadian Asset Management LLC acquired a new stake in TopBuild Corp. during the second quarter worth approximately $491,000. Finally, New York State Teachers Retirement System increased its stake in TopBuild Corp. by 11.1% in the second quarter. New York State Teachers Retirement System now owns 92,336 shares of the company’s stock worth $3,343,000 after buying an additional 9,200 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.
TopBuild Corp. (NYSE:BLD) traded up 0.91% on Friday, hitting $37.50. The stock had a trading volume of 67,102 shares. TopBuild Corp. has a one year low of $23.02 and a one year high of $38.94. The stock has a 50-day moving average of $32.83 and a 200-day moving average of $34.65. The company has a market cap of $1.43 billion, a PE ratio of 12.86 and a beta of 0.29.
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The business had revenue of $453 million for the quarter, compared to analyst estimates of $22.38 million. TopBuild Corp. had a return on equity of 7.67% and a net margin of 6.44%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 EPS. Equities analysts expect that TopBuild Corp. will post $1.94 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded TopBuild Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 8th.
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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.