TopBuild Corp. (BLD) Position Reduced by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its stake in TopBuild Corp. (NYSE:BLD) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,641 shares of the construction company’s stock after selling 3,242 shares during the period. Gotham Asset Management LLC’s holdings in TopBuild Corp. were worth $6,328,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in TopBuild Corp. during the fourth quarter valued at approximately $9,005,000. Guggenheim Capital LLC increased its stake in TopBuild Corp. by 167.3% in the fourth quarter. Guggenheim Capital LLC now owns 80,802 shares of the construction company’s stock valued at $2,876,000 after buying an additional 50,575 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in TopBuild Corp. during the fourth quarter valued at approximately $926,000. Allianz Asset Management AG increased its stake in TopBuild Corp. by 31.2% in the fourth quarter. Allianz Asset Management AG now owns 64,277 shares of the construction company’s stock valued at $2,288,000 after buying an additional 15,280 shares in the last quarter. Finally, LS Investment Advisors LLC increased its stake in TopBuild Corp. by 164.8% in the first quarter. LS Investment Advisors LLC now owns 3,774 shares of the construction company’s stock valued at $177,000 after buying an additional 2,349 shares in the last quarter. Institutional investors and hedge funds own 92.78% of the company’s stock.

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

TopBuild Corp. (NYSE BLD) traded up 0.72% on Friday, reaching $53.41. 64,659 shares of the company’s stock traded hands. The firm has a market cap of $1.97 billion, a PE ratio of 33.61 and a beta of 0.65. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $54.78. The firm’s 50-day moving average is $52.47 and its 200 day moving average is $44.26.

TopBuild Corp. (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.08. The firm had revenue of $441.36 million during the quarter, compared to analyst estimates of $432.01 million. TopBuild Corp. had a return on equity of 8.21% and a net margin of 3.38%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities analysts predict that TopBuild Corp. will post $2.71 EPS for the current year.

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BLD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of TopBuild Corp. from a “sell” rating to a “hold” rating and set a $49.00 target price on the stock in a research report on Thursday, March 2nd. Seaport Global Securities initiated coverage on shares of TopBuild Corp. in a research report on Thursday, March 16th. They set a “buy” rating and a $52.00 target price on the stock. Instinet lifted their target price on shares of TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. Nomura initiated coverage on shares of TopBuild Corp. in a research report on Wednesday, April 12th. They set a “neutral” rating and a $45.00 target price on the stock. Finally, TheStreet upgraded shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $47.80.

In other news, COO Robert M. Buck sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $52.00, for a total transaction of $520,000.00. Following the completion of the sale, the chief operating officer now owns 59,204 shares of the company’s stock, valued at $3,078,608. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

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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