EAM Investors LLC Reduces Holdings in TopBuild Corp. (BLD)
EAM Investors LLC reduced its position in TopBuild Corp. (NYSE:BLD) by 23.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,706 shares of the construction company’s stock after selling 12,523 shares during the period. EAM Investors LLC owned about 0.11% of TopBuild Corp. worth $2,718,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of BLD. Wells Fargo & Company MN grew its holdings in TopBuild Corp. by 16.4% in the 2nd quarter. Wells Fargo & Company MN now owns 41,691 shares of the construction company’s stock valued at $2,212,000 after buying an additional 5,876 shares during the last quarter. Fiera Capital Corp acquired a new stake in TopBuild Corp. in the 2nd quarter valued at approximately $12,805,000. Chicago Equity Partners LLC acquired a new stake in TopBuild Corp. in the 2nd quarter valued at approximately $2,599,000. Strs Ohio acquired a new stake in TopBuild Corp. in the 2nd quarter valued at approximately $440,000. Finally, Ameriprise Financial Inc. grew its holdings in TopBuild Corp. by 27.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 256,895 shares of the construction company’s stock valued at $13,633,000 after buying an additional 54,641 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.
BLD has been the topic of a number of research analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of TopBuild Corp. in a report on Friday, November 10th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $75.00 target price on shares of TopBuild Corp. in a report on Wednesday, October 4th. Nomura raised their price objective on TopBuild Corp. from $58.00 to $61.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. BidaskClub downgraded TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research upgraded TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research report on Thursday, August 10th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. TopBuild Corp. presently has a consensus rating of “Buy” and a consensus target price of $60.67.
TopBuild Corp. (NYSE:BLD) last posted its earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The business had revenue of $489.04 million during the quarter, compared to the consensus estimate of $491.43 million. TopBuild Corp. had a return on equity of 9.88% and a net margin of 4.03%. TopBuild Corp.’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. sell-side analysts anticipate that TopBuild Corp. will post 2.74 EPS for the current year.
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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