According to Zacks, “TopBuild Corp. is the installer and distributor of insulation products to the construction industry primarily in the United States. The company also installs and distributes other building products, which consists of rain gutters, garage doors, fireplaces, shower enclosures, closet shelving and roofing. It offers insulation installation services. TopBuild Corp. TopBuild Corp. is headquartered in Daytona Beach, FL. “
TopBuild Corp. (NYSE:BLD) opened at 33.08 on Wednesday. The company has a 50-day moving average price of $33.69 and a 200-day moving average price of $34.15. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.22 and a beta of 0.19. TopBuild Corp. has a 12-month low of $23.02 and a 12-month high of $38.94.
TopBuild Corp. (NYSE:BLD) last posted its earnings results on Thursday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 earned $432 million during the quarter, compared to analysts’ expectations of $446.65 million. During the same period in the previous year, the company posted $0.27 EPS. TopBuild Corp.’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts forecast that TopBuild Corp. will post ($0.15) earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of 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 shares of 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. Brandes Investment Partners LP increased its position in shares of TopBuild Corp. by 47.3% in the second quarter. Brandes Investment Partners LP now owns 35,881 shares of the company’s stock valued at $1,299,000 after buying an additional 11,528 shares during the period. Arizona State Retirement System increased its position in shares of TopBuild Corp. by 1.6% in the first quarter. Arizona State Retirement System now owns 19,427 shares of the company’s stock valued at $578,000 after buying an additional 300 shares during the period. Finally, 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 period. Institutional investors own 93.49% 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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.
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