Citigroup Inc. Acquires 5,435 Shares of TopBuild Corp. (NYSE:BLD)

Citigroup Inc. boosted its holdings in TopBuild Corp. (NYSE:BLD) by 11.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,713 shares of the construction company’s stock after purchasing an additional 5,435 shares during the quarter. Citigroup Inc.’s holdings in TopBuild were worth $10,426,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its stake in TopBuild by 4.4% in the 1st quarter. BlackRock Inc. now owns 4,279,946 shares of the construction company’s stock worth $896,349,000 after purchasing an additional 182,061 shares during the period. Alliancebernstein L.P. boosted its stake in TopBuild by 12.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,637,681 shares of the construction company’s stock worth $323,901,000 after purchasing an additional 176,876 shares during the period. Findlay Park Partners LLP boosted its stake in TopBuild by 436.4% in the 2nd quarter. Findlay Park Partners LLP now owns 1,564,628 shares of the construction company’s stock worth $309,452,000 after purchasing an additional 1,272,928 shares during the period. Brown Advisory Inc. boosted its stake in TopBuild by 3.8% in the 1st quarter. Brown Advisory Inc. now owns 556,243 shares of the construction company’s stock worth $116,494,000 after purchasing an additional 20,343 shares during the period. Finally, Geode Capital Management LLC boosted its stake in TopBuild by 10.1% in the 1st quarter. Geode Capital Management LLC now owns 544,817 shares of the construction company’s stock worth $114,101,000 after purchasing an additional 49,834 shares during the period. Institutional investors and hedge funds own 94.75% of the company’s stock.

Several analysts have recently issued reports on BLD shares. KeyCorp upped their price objective on TopBuild from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, September 9th. Zacks Investment Research raised TopBuild from a “hold” rating to a “buy” rating and set a $231.00 price objective on the stock in a report on Tuesday, September 7th. Benchmark raised TopBuild from a “hold” rating to a “buy” rating and set a $275.00 price objective on the stock in a report on Thursday, September 9th. JPMorgan Chase & Co. upped their price objective on TopBuild from $246.00 to $264.00 and gave the stock a “neutral” rating in a report on Friday, September 10th. Finally, BTIG Research upped their price objective on TopBuild from $257.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, August 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $239.67.

NYSE:BLD opened at $218.91 on Wednesday. The stock’s fifty day moving average is $212.78 and its 200 day moving average is $207.44. TopBuild Corp. has a fifty-two week low of $146.50 and a fifty-two week high of $235.50. The firm has a market capitalization of $7.21 billion, a PE ratio of 24.99 and a beta of 1.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.42 and a current ratio of 1.75.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 3rd. The construction company reported $2.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.27. TopBuild had a return on equity of 21.78% and a net margin of 9.71%. The company had revenue of $834.30 million for the quarter, compared to analyst estimates of $807.84 million. During the same quarter in the prior year, the firm posted $1.68 EPS. TopBuild’s quarterly revenue was up 29.1% compared to the same quarter last year. Equities analysts forecast that TopBuild Corp. will post 10.71 EPS for the current year.

About TopBuild

TopBuild Corp. is an installer and distributor of insulation products and other building products to the U.S. construction industry. It operates through two segments: Installation and Distribution. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services business branches located in the U.S.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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