Fiera Capital Corp bought a new position in TopBuild Corp. (NYSE:BLD) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 241,281 shares of the construction company’s stock, valued at approximately $12,805,000. Fiera Capital Corp owned about 0.65% of TopBuild Corp. as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in shares of TopBuild Corp. by 0.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,311 shares of the construction company’s stock worth $250,000 after acquiring an additional 49 shares during the last quarter. UBS Group AG increased its stake in shares of TopBuild Corp. by 1.7% in the 1st quarter. UBS Group AG now owns 8,197 shares of the construction company’s stock worth $386,000 after acquiring an additional 137 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of TopBuild Corp. by 0.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 29,231 shares of the construction company’s stock worth $1,552,000 after acquiring an additional 200 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of TopBuild Corp. by 8.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,061 shares of the construction company’s stock worth $239,000 after acquiring an additional 395 shares during the last quarter. Finally, Mason Street Advisors LLC increased its stake in shares of TopBuild Corp. by 6.1% in the 1st quarter. Mason Street Advisors LLC now owns 8,820 shares of the construction company’s stock worth $415,000 after acquiring an additional 507 shares during the last quarter. 92.01% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. Zacks Investment Research raised TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Thursday, August 10th. BidaskClub downgraded TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. KeyCorp reaffirmed an “overweight” rating and issued a $59.00 target price (up from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Finally, TheStreet raised TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. TopBuild Corp. currently has a consensus rating of “Buy” and a consensus target price of $54.60.

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Shares of TopBuild Corp. (NYSE BLD) opened at 58.82 on Friday. TopBuild Corp. has a 52 week low of $28.81 and a 52 week high of $60.00. The firm has a 50 day moving average price of $58.63 and a 200-day moving average price of $51.89. The firm has a market capitalization of $2.14 billion, a P/E ratio of 32.61 and a beta of 0.61.

TopBuild Corp. (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The company had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $477.72 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts predict that TopBuild Corp. will post $2.80 EPS for the current fiscal year.

In other news, CEO Gerald Volas sold 44,356 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $56.81, for a total value of $2,519,864.36. Following the completion of the transaction, the chief executive officer now directly owns 149,201 shares of the company’s stock, valued at $8,476,108.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

TopBuild Corp. 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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Institutional Ownership by Quarter for TopBuild Corp. (NYSE:BLD)

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