PineBridge Investments L.P. raised its position in shares of TopBuild Corp. (NYSE:BLD) by 5.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,878 shares of the company’s stock after buying an additional 253 shares during the period. PineBridge Investments L.P.’s holdings in TopBuild Corp. were worth $177,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in TopBuild Corp. by 55.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,282,926 shares of the company’s stock worth $46,442,000 after buying an additional 457,922 shares during the last quarter. 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 worth $43,972,000 after buying an additional 324,186 shares during the last quarter. Norges Bank purchased a new stake in shares of TopBuild Corp. during the fourth quarter worth $9,939,000. Kennedy Capital Management Inc. increased its stake in shares of TopBuild Corp. by 106.3% in the first quarter. Kennedy Capital Management Inc. now owns 525,187 shares of the company’s stock worth $15,619,000 after buying an additional 270,619 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of TopBuild Corp. by 955.0% in the first quarter. JPMorgan Chase & Co. now owns 254,490 shares of the company’s stock worth $7,568,000 after buying an additional 230,368 shares in the last quarter. Institutional investors own 93.49% of the company’s stock.
Shares of TopBuild Corp. (NYSE:BLD) traded down 0.06% during mid-day trading on Friday, hitting $33.24. 10,255 shares of the company were exchanged. The firm has a 50 day moving average of $33.74 and a 200 day moving average of $34.01. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 12.28 and a beta of 0.17. TopBuild Corp. has a 12-month low of $23.02 and a 12-month high of $38.94.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings results 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 return on equity of 7.36% and a net margin of 6.07%. The company earned $432 million during the quarter, compared to the consensus estimate of $446.65 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts forecast that TopBuild Corp. will post ($0.15) earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of TopBuild Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday.
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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