TopBuild (NYSE:BLD) posted its earnings results on Tuesday. The construction company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03, Bloomberg Earnings reports. The firm had revenue of $501.40 million during the quarter, compared to the consensus estimate of $491.80 million. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS.
TopBuild (NYSE BLD) opened at $72.09 on Wednesday. TopBuild has a 52 week low of $39.89 and a 52 week high of $78.64. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2,609.39, a PE ratio of 35.51 and a beta of 0.51.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in TopBuild by 2.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,410,107 shares of the construction company’s stock valued at $157,065,000 after purchasing an additional 49,481 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in TopBuild by 10.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,183,511 shares of the construction company’s stock valued at $89,639,000 after purchasing an additional 110,431 shares during the last quarter. State Street Corp grew its stake in TopBuild by 10.2% in the second quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock valued at $59,890,000 after purchasing an additional 104,562 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in TopBuild by 42.1% in the third quarter. Westfield Capital Management Co. LP now owns 477,315 shares of the construction company’s stock valued at $31,107,000 after purchasing an additional 141,310 shares during the last quarter. Finally, Rothschild Asset Management Inc. purchased a new position in TopBuild in the third quarter valued at about $30,954,000. Institutional investors own 92.42% of the company’s stock.
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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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