Tudor Investment Corp ET AL Has $580,000 Position in TopBuild Corp (NYSE:BLD)
Tudor Investment Corp ET AL boosted its position in shares of TopBuild Corp (NYSE:BLD) by 94.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,350 shares of the construction company’s stock after buying an additional 6,005 shares during the period. Tudor Investment Corp ET AL’s holdings in TopBuild Corp were worth $580,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of BLD. Citadel Advisors LLC purchased a new stake in shares of TopBuild Corp during the first quarter worth $209,000. Norges Bank bought a new stake in TopBuild Corp during the fourth quarter valued at approximately $9,005,000. Guggenheim Capital LLC boosted its stake in TopBuild Corp by 167.3% in the fourth quarter. Guggenheim Capital LLC now owns 80,802 shares of the construction company’s stock valued at $2,876,000 after buying an additional 50,575 shares during the period. Russell Investments Group Ltd. bought a new stake in TopBuild Corp during the fourth quarter valued at approximately $926,000. Finally, Principal Financial Group Inc. boosted its stake in TopBuild Corp by 3.0% in the first quarter. Principal Financial Group Inc. now owns 311,499 shares of the construction company’s stock valued at $14,640,000 after buying an additional 9,147 shares during the period. Institutional investors own 92.42% of the company’s stock.
TopBuild Corp (BLD) traded up 5.60% during mid-day trading on Friday, hitting $55.48. The company had a trading volume of 309,626 shares. TopBuild Corp has a one year low of $28.81 and a one year high of $55.52. The company’s 50 day moving average price is $53.08 and its 200-day moving average price is $47.60. The company has a market cap of $2.04 billion, a PE ratio of 34.92 and a beta of 0.63.
TopBuild Corp (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The business had revenue of $441.36 million for the quarter, compared to the consensus estimate of $432.01 million. TopBuild Corp had a negative return on equity of 0.71% and a negative net margin of 0.39%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts anticipate that TopBuild Corp will post $2.72 EPS for the current fiscal year.
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BLD has been the subject of several analyst reports. TheStreet upgraded TopBuild Corp from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Zacks Investment Research cut TopBuild Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Instinet increased their price objective on TopBuild Corp from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. Nomura began coverage on TopBuild Corp in a research report on Wednesday, April 12th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, KeyCorp reissued an “overweight” rating and issued a $59.00 target price (up previously from $56.00) on shares of TopBuild Corp in a report on Monday, June 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. TopBuild Corp currently has an average rating of “Hold” and an average target price of $51.00.
In related news, COO Robert M. Buck sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $52.00, for a total transaction of $520,000.00. Following the sale, the chief operating officer now owns 59,204 shares of the company’s stock, valued at approximately $3,078,608. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
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). Its Installation segment principally includes the sales and installation of insulation and other building products.
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