CNH Partners LLC Has $23.32 Million Position in TopBuild Corp. (BLD)

CNH Partners LLC trimmed its position in shares of TopBuild Corp. (NYSE:BLD) by 28.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,358 shares of the construction company’s stock after selling 174,623 shares during the period. CNH Partners LLC owned 1.21% of TopBuild Corp. worth $23,317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLD. BlackRock Inc. grew its stake in shares of TopBuild Corp. by 35,157.0% in the 1st quarter. BlackRock Inc. now owns 5,520,188 shares of the construction company’s stock worth $259,449,000 after buying an additional 5,504,531 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of TopBuild Corp. in the 2nd quarter worth $17,832,000. William Blair Investment Management LLC purchased a new position in shares of TopBuild Corp. in the 2nd quarter worth $16,207,000. Dimensional Fund Advisors LP grew its stake in shares of TopBuild Corp. by 14.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,196,035 shares of the construction company’s stock worth $103,213,000 after buying an additional 275,422 shares in the last quarter. Finally, Fiera Capital Corp purchased a new position in shares of TopBuild Corp. in the 2nd quarter worth $12,805,000. 92.01% of the stock is owned by institutional investors.

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Shares of TopBuild Corp. (BLD) traded up 1.24% on Tuesday, hitting $63.93. 88,957 shares of the stock were exchanged. The company’s 50 day moving average is $62.34 and its 200-day moving average is $62.34. TopBuild Corp. has a 52-week low of $28.81 and a 52-week high of $67.27. The stock has a market cap of $2.33 billion, a PE ratio of 35.44 and a beta of 0.64.

TopBuild Corp. (NYSE:BLD) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The business had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $477.72 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts predict that TopBuild Corp. will post $2.78 EPS for the current fiscal year.

In other news, CEO Gerald Volas sold 44,356 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 149,201 shares of the company’s stock, valued at approximately $8,476,108.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

BLD has been the subject of several analyst reports. BidaskClub lowered shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, August 25th. SunTrust Banks, Inc. restated a “buy” rating and issued a $75.00 price target on shares of TopBuild Corp. in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a report on Thursday, August 10th. Finally, KeyCorp restated an “overweight” rating and issued a $59.00 price target (up previously from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. Three 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. TopBuild Corp. presently has a consensus rating of “Buy” and a consensus price target of $58.00.

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.

Institutional Ownership by Quarter for TopBuild Corp. (NYSE:BLD)

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