Dimensional Fund Advisors LP increased its position in TopBuild Corp. (NYSE:BLD) by 55.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,282,926 shares of the company’s stock after buying an additional 457,922 shares during the period. Dimensional Fund Advisors LP owned 3.34% of TopBuild Corp. worth $46,442,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Bank of Montreal Can acquired a new position in TopBuild Corp. during the second quarter valued at $107,000. Independent Portfolio Consultants Inc. acquired a new position in TopBuild Corp. during the second quarter valued at $145,000. KBC Group NV acquired a new position in TopBuild Corp. during the second quarter valued at $153,000. Teacher Retirement System of Texas boosted its position in TopBuild Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,222 shares of the company’s stock valued at $189,000 after buying an additional 638 shares during the period. Finally, Chesapeake Asset Management LLC acquired a new position in TopBuild Corp. during the second quarter valued at $201,000. Hedge funds and other institutional investors own 93.49% of the company’s stock.
TopBuild Corp. (NYSE:BLD) opened at 32.94 on Wednesday. The stock’s 50 day moving average price is $33.60 and its 200 day moving average price is $34.29. The company has a market cap of $1.27 billion, a PE ratio of 12.17 and a beta of 0.18. TopBuild Corp. has a 12-month low of $23.02 and a 12-month high of $38.94.
TopBuild Corp. (NYSE:BLD) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.02. The firm earned $432 million during the quarter, compared to the consensus estimate of $446.65 million. TopBuild Corp. had a return on equity of 7.36% and a net margin of 6.07%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. Equities research analysts anticipate 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, September 28th.
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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