TopBuild Corp. (BLD) Shares Bought by Suntrust Banks Inc.
Suntrust Banks Inc. lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 6.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,535 shares of the construction company’s stock after acquiring an additional 891 shares during the period. Suntrust Banks Inc.’s holdings in TopBuild Corp. were worth $823,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. purchased a new stake in shares of TopBuild Corp. during the second quarter worth about $111,000. Schroder Investment Management Group purchased a new stake in shares of TopBuild Corp. during the second quarter worth about $121,000. Riverhead Capital Management LLC grew its stake in shares of TopBuild Corp. by 72.1% during the second 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 last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of TopBuild Corp. during the first quarter worth about $156,000. Finally, Victory Capital Management Inc. grew its stake in shares of TopBuild Corp. by 22.7% during the first 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 last quarter. Institutional investors and hedge funds own 92.01% of the company’s stock.
In other news, CEO Gerald Volas sold 44,356 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 149,201 shares of the company’s stock, valued at approximately $8,476,108.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.
TopBuild Corp. (BLD) opened at 64.90 on Friday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 35.98 and a beta of 0.64. TopBuild Corp. has a one year low of $28.81 and a one year high of $67.27. The firm has a 50-day moving average price of $61.82 and a 200-day moving average price of $61.82.
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09. The business had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $477.72 million. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Equities analysts anticipate that TopBuild Corp. will post $2.80 earnings per share for the current year.
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A number of equities research analysts have recently weighed in on the company. KeyCorp restated an “overweight” rating and set a $59.00 price target (up previously from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. TheStreet upgraded TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. Zacks Investment Research lowered TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $75.00 target price on shares of TopBuild Corp. in a research report on Wednesday. Finally, BidaskClub lowered TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $58.00.
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). Its Installation segment principally includes the sales and installation of insulation and other building products.
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