BNP Paribas Arbitrage SA lowered its position in TopBuild Corp. (NYSE:BLD) by 49.3% during the third quarter, Holdings Channel reports. The firm owned 6,363 shares of the company’s stock after selling 6,177 shares during the period. BNP Paribas Arbitrage SA’s holdings in TopBuild Corp. were worth $211,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. BlackRock Fund Advisors increased its stake in TopBuild Corp. by 21.3% in the second quarter. BlackRock Fund Advisors now owns 3,348,259 shares of the company’s stock worth $121,207,000 after buying an additional 587,742 shares during the period. Latimer Light Capital L.P. bought a new stake in TopBuild Corp. during the second quarter worth about $18,338,000. Dimensional Fund Advisors LP increased its stake 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 period. Marshall Wace LLP bought a new stake in TopBuild Corp. during the second quarter worth about $11,836,000. Finally, Wellington Management Group LLP increased its stake 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 period. Institutional investors and hedge funds own 93.49% of the company’s stock.
Shares of TopBuild Corp. (NYSE:BLD) traded up 1.67% during trading on Wednesday, reaching $33.49. 137,887 shares of the company’s stock were exchanged. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 12.38 and a beta of 0.18. TopBuild Corp. has a 12 month low of $23.02 and a 12 month high of $38.94. The stock has a 50-day moving average price of $33.65 and a 200 day moving average price of $34.18.
TopBuild Corp. (NYSE:BLD) last announced its 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 net margin of 6.07% and a return on equity of 7.36%. The business had revenue of $432 million for the quarter, compared to the consensus estimate of $446.65 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts forecast that TopBuild Corp. will post ($0.15) EPS for the current year.
Separately, Zacks Investment Research lowered shares of TopBuild Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 8th.
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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