Advisors Asset Management Inc. decreased its stake in shares of TopBuild Corp. (NYSE:BLD) by 8.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,937 shares of the company’s stock after selling 279 shares during the period. Advisors Asset Management Inc.’s holdings in TopBuild Corp. were worth $106,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in TopBuild Corp. by 28.1% in the first quarter. Wellington Management Group LLP now owns 1,478,538 shares of the company’s stock valued at $43,972,000 after buying an additional 324,186 shares during the period. Adage Capital Partners GP L.L.C. increased its position in TopBuild Corp. by 16.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,522,642 shares of the company’s stock valued at $45,283,000 after buying an additional 219,100 shares during the period. Prudential Financial Inc. increased its position in shares of TopBuild Corp. by 3.4% in the first quarter. Prudential Financial Inc. now owns 89,031 shares of the company’s stock valued at $2,648,000 after buying an additional 2,900 shares during the last quarter. Hancock Holding Co. increased its position in shares of TopBuild Corp. by 1.0% in the first quarter. Hancock Holding Co. now owns 314,267 shares of the company’s stock valued at $9,346,000 after buying an additional 3,211 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of TopBuild Corp. during the second quarter valued at approximately $107,000. Institutional investors and hedge funds own 93.49% of the company’s stock.
Shares of TopBuild Corp. (NYSE:BLD) traded down 1.01% on Friday, hitting $33.21. 312,602 shares of the company traded hands. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 12.27 and a beta of 0.18. The firm’s 50 day moving average price is $33.61 and its 200-day moving average price is $34.20. TopBuild Corp. has a 1-year low of $23.02 and a 1-year high of $38.94.
TopBuild Corp. (NYSE:BLD) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.02. The firm earned $432 million during the quarter, compared to analysts’ expectations of $446.65 million. TopBuild Corp. had a return on equity of 7.36% and a net margin of 6.07%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. On average, equities research analysts expect that TopBuild Corp. will post ($0.15) earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 19th.
TopBuild Corp. Company 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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.
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