Allianz Asset Management GmbH Buys 106,958 Shares of TopBuild Corp (BLD)
Allianz Asset Management GmbH boosted its stake in shares of TopBuild Corp (NYSE:BLD) by 162.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 172,710 shares of the construction company’s stock after buying an additional 106,958 shares during the quarter. Allianz Asset Management GmbH’s holdings in TopBuild were worth $13,081,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management raised its holdings in TopBuild by 99.5% during the 4th quarter. Sheets Smith Wealth Management now owns 9,737 shares of the construction company’s stock valued at $737,000 after buying an additional 4,857 shares during the period. Sawgrass Asset Management LLC purchased a new stake in TopBuild during the 3rd quarter valued at $925,000. JPMorgan Chase & Co. raised its holdings in TopBuild by 95.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,824 shares of the construction company’s stock valued at $13,180,000 after buying an additional 100,094 shares during the period. 361 Capital LLC purchased a new stake in TopBuild during the 3rd quarter valued at $2,432,000. Finally, BNP Paribas Arbitrage SA raised its holdings in TopBuild by 59.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,244 shares of the construction company’s stock valued at $1,254,000 after buying an additional 7,183 shares during the period. Institutional investors own 92.93% of the company’s stock.
In other TopBuild news, VP Paul Joachimczyk sold 2,227 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $76.15, for a total value of $169,586.05. Following the sale, the vice president now owns 7,699 shares in the company, valued at $586,278.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John S. Peterson sold 6,932 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $75.36, for a total value of $522,395.52. Following the transaction, the chief financial officer now directly owns 34,943 shares in the company, valued at approximately $2,633,304.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,271 shares of company stock worth $2,405,043. Insiders own 1.30% of the company’s stock.
TopBuild (NYSE:BLD) last released its earnings results on Tuesday, February 27th. The construction company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. TopBuild had a return on equity of 10.65% and a net margin of 8.30%. The business had revenue of $501.40 million for the quarter, compared to analyst estimates of $491.80 million. During the same quarter last year, the firm posted $0.59 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. sell-side analysts expect that TopBuild Corp will post 3.9 EPS for the current year.
Several analysts recently weighed in on BLD shares. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Friday, January 5th. Jefferies Group initiated coverage on TopBuild in a research note on Tuesday, December 12th. They issued a “buy” rating and a $79.00 target price on the stock. ValuEngine lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks increased their target price on TopBuild to $82.00 and gave the stock a “reduce” rating in a research note on Wednesday, February 28th. Finally, Nomura upgraded TopBuild from a “neutral” rating to a “buy” rating and increased their target price for the stock from $69.00 to $78.00 in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. TopBuild has an average rating of “Buy” and a consensus target price of $69.43.
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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