JPMorgan Chase & Co. cut its position in shares of TopBuild Corp. (NYSE:BLD) by 24.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,908 shares of the company’s stock after selling 62,582 shares during the period. JPMorgan Chase & Co. owned approximately 0.50% of TopBuild Corp. worth $6,947,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of BLD. Bank of Montreal Can bought a new stake in TopBuild Corp. during the second quarter worth about $107,000. Independent Portfolio Consultants Inc. acquired a new position in shares of TopBuild Corp. during the second quarter valued at $145,000. KBC Group NV acquired a new position in shares of TopBuild Corp. during the second quarter valued at $153,000. Scout Investments Inc. acquired a new position in shares of TopBuild Corp. during the second quarter valued at $245,000. Finally, Suntrust Banks Inc. acquired a new position in shares of TopBuild Corp. during the second quarter valued at $308,000. 93.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TopBuild Corp. (NYSE:BLD) traded up 1.51% on Monday, reaching $33.71. The company’s stock had a trading volume of 20,296 shares. TopBuild Corp. has a 1-year low of $23.02 and a 1-year high of $38.94. The stock has a 50-day moving average of $33.61 and a 200 day moving average of $34.20. The stock has a market capitalization of $1.30 billion, a PE ratio of 12.46 and a beta of 0.19.
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.02. TopBuild Corp. had a net margin of 6.07% and a return on equity of 7.36%. The company had revenue of $432 million for the quarter, compared to analyst estimates of $446.65 million. During the same quarter in the prior year, the business earned $0.27 EPS. TopBuild Corp.’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts forecast that TopBuild Corp. will post ($0.15) EPS for the current year.
Separately, Zacks Investment Research upgraded TopBuild Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st.
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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.
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