Thrivent Financial For Lutherans Buys 780 Shares of TopBuild Corp. (BLD)
Thrivent Financial For Lutherans boosted its stake in shares of TopBuild Corp. (NYSE:BLD) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,200 shares of the construction company’s stock after acquiring an additional 780 shares during the period. Thrivent Financial For Lutherans owned 0.06% of TopBuild Corp. worth $1,178,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. bought a new position in TopBuild Corp. during the 2nd quarter worth $111,000. Schroder Investment Management Group bought a new position in TopBuild Corp. during the 2nd quarter worth $121,000. Ameritas Investment Partners Inc. bought a new position in TopBuild Corp. during the 1st quarter worth $156,000. Victory Capital Management Inc. increased its stake in TopBuild Corp. by 22.7% during the 1st quarter. Victory Capital Management Inc. now owns 3,370 shares of the construction company’s stock worth $158,000 after acquiring an additional 624 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in TopBuild Corp. by 72.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,097 shares of the construction company’s stock worth $164,000 after acquiring an additional 1,297 shares during the period. Hedge funds and other institutional investors own 92.01% of the company’s stock.
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A number of equities analysts have commented on the company. SunTrust Banks, Inc. restated a “buy” rating and set a $75.00 price objective on shares of TopBuild Corp. in a research note on Wednesday. BidaskClub lowered TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective on the stock in a research note on Thursday, August 10th. KeyCorp restated an “overweight” rating and set a $59.00 price objective (up previously from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Finally, TheStreet upgraded TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $58.00.
TopBuild Corp. (BLD) opened at 65.61 on Thursday. The stock has a 50 day moving average price of $61.65 and a 200 day moving average price of $61.65. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 36.37 and a beta of 0.64. TopBuild Corp. has a 52 week low of $28.81 and a 52 week high of $67.27.
TopBuild Corp. (NYSE:BLD) last posted its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.09. The firm had revenue of $474.50 million for the quarter, compared to the consensus estimate of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, equities analysts forecast that TopBuild Corp. will post $2.80 earnings per share for the current year.
In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the sale, the chief executive officer now owns 149,201 shares in the company, valued at $8,476,108.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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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