TopBuild Corp. (BLD) Shares Sold by Renaissance Investment Group LLC
Renaissance Investment Group LLC decreased its stake in TopBuild Corp. (NYSE:BLD) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,770 shares of the company’s stock after selling 1,712 shares during the period. Renaissance Investment Group LLC owned about 0.14% of TopBuild Corp. worth $1,785,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. BlackRock Fund Advisors increased its stake in TopBuild Corp. by 21.3% in the second quarter. BlackRock Fund Advisors now owns 3,348,259 shares of the company’s stock worth $121,207,000 after buying an additional 587,742 shares in the last quarter. Latimer Light Capital L.P. acquired a new stake in TopBuild Corp. during the second quarter worth about $18,338,000. Dimensional Fund Advisors LP increased its stake in TopBuild Corp. by 55.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,282,926 shares of the company’s stock worth $46,442,000 after buying an additional 457,922 shares in the last quarter. Marshall Wace LLP acquired a new stake in TopBuild Corp. during the second quarter worth about $11,836,000. Finally, AQR Capital Management LLC increased its stake in TopBuild Corp. by 29.1% in the second quarter. AQR Capital Management LLC now owns 1,158,055 shares of the company’s stock worth $41,922,000 after buying an additional 261,322 shares in the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.
TopBuild Corp. (NYSE:BLD) traded down 1.44% during mid-day trading on Monday, reaching $36.96. 170,483 shares of the company’s stock were exchanged. TopBuild Corp. has a 52-week low of $23.02 and a 52-week high of $38.94. The company has a 50-day moving average of $32.94 and a 200-day moving average of $34.70. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 12.67 and a beta of 0.29.
TopBuild Corp. (NYSE:BLD) last announced its earnings results on Wednesday, November 9th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The company earned $453 million during the quarter, compared to the consensus estimate of $22.38 million. TopBuild Corp. had a net margin of 6.44% and a return on equity of 7.67%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 earnings per share. Equities research analysts anticipate that TopBuild Corp. will post $1.94 earnings per share for the current year.
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Separately, Zacks Investment Research raised shares of TopBuild Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 15th.
TopBuild Corp. Company Profile
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.
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