Guggenheim Capital LLC raised its position in TopBuild Corp (NYSE:BLD) by 167.3% during the fourth quarter, Holdings Channel reports. The fund owned 80,802 shares of the company’s stock after buying an additional 50,575 shares during the period. Guggenheim Capital LLC’s holdings in TopBuild Corp were worth $2,876,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP boosted its stake in TopBuild Corp by 80.3% in the fourth quarter. GSA Capital Partners LLP now owns 13,000 shares of the company’s stock worth $463,000 after buying an additional 5,791 shares during the period. Integre Asset Management LLC boosted its stake in TopBuild Corp by 27.8% in the fourth quarter. Integre Asset Management LLC now owns 12,716 shares of the company’s stock worth $453,000 after buying an additional 2,768 shares during the period. Pacad Investment Ltd. boosted its stake in TopBuild Corp by 512.5% in the fourth quarter. Pacad Investment Ltd. now owns 4,900 shares of the company’s stock worth $174,000 after buying an additional 4,100 shares during the period. Allianz Asset Management AG boosted its stake in TopBuild Corp by 31.2% in the fourth quarter. Allianz Asset Management AG now owns 64,277 shares of the company’s stock worth $2,288,000 after buying an additional 15,280 shares during the period. Finally, Cortina Asset Management LLC bought a new stake in TopBuild Corp during the fourth quarter worth approximately $3,669,000. Hedge funds and other institutional investors own 93.63% of the company’s stock.
Shares of TopBuild Corp (NYSE:BLD) opened at 45.66 on Tuesday. TopBuild Corp has a 12-month low of $28.81 and a 12-month high of $48.33. The company has a 50 day moving average of $42.09 and a 200-day moving average of $36.72. The company has a market cap of $1.72 billion, a PE ratio of 23.78 and a beta of 0.55.
TopBuild Corp (NYSE:BLD) last announced its earnings results on Tuesday, February 28th. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. TopBuild Corp had a net margin of 6.44% and a return on equity of 7.67%. The business earned $444.10 million during the quarter, compared to the consensus estimate of $446.67 million. During the same quarter last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts anticipate that TopBuild Corp will post $2.51 earnings per share for the current year.
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A number of equities research analysts recently commented on the stock. Seaport Global Securities assumed coverage on shares of TopBuild Corp in a report on Thursday, March 16th. They issued a “buy” rating and a $52.00 price target on the stock. Zacks Investment Research raised shares of TopBuild Corp from a “sell” rating to a “hold” rating and set a $49.00 price target on the stock in a report on Thursday, March 2nd. KeyCorp raised shares of TopBuild Corp from a “sector weight” rating to an “overweight” rating and set a $43.00 price target on the stock in a report on Thursday, January 5th. Finally, Macquarie reaffirmed a “neutral” rating on shares of TopBuild Corp in a report on Wednesday, December 21st.
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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