Numeric Investors LLC Acquires New Stake in TopBuild Corp. (BLD)

Numeric Investors LLC acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,600 shares of the construction company’s stock, valued at approximately $1,146,000. Numeric Investors LLC owned about 0.06% of TopBuild Corp. as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of TopBuild Corp. by 24.6% in the first quarter. Russell Investments Group Ltd. now owns 32,131 shares of the construction company’s stock valued at $1,510,000 after acquiring an additional 6,349 shares during the period. Bank of New York Mellon Corp raised its stake in shares of TopBuild Corp. by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 546,698 shares of the construction company’s stock valued at $25,694,000 after acquiring an additional 14,266 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of TopBuild Corp. by 47.5% in the first quarter. UBS Asset Management Americas Inc. now owns 15,622 shares of the construction company’s stock valued at $734,000 after acquiring an additional 5,030 shares during the period. Ameriprise Financial Inc. raised its stake in shares of TopBuild Corp. by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 202,254 shares of the construction company’s stock valued at $9,505,000 after acquiring an additional 7,197 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of TopBuild Corp. by 3.2% in the first quarter. Parametric Portfolio Associates LLC now owns 154,929 shares of the construction company’s stock valued at $7,282,000 after acquiring an additional 4,817 shares during the period. Institutional investors and hedge funds own 92.01% of the company’s stock.

TopBuild Corp. (NYSE BLD) opened at 64.24 on Wednesday. The stock has a market cap of $2.34 billion, a P/E ratio of 35.61 and a beta of 0.64. The company has a 50-day moving average of $62.18 and a 200 day moving average of $62.18. TopBuild Corp. has a 1-year low of $28.81 and a 1-year high of $67.27.

TopBuild Corp. (NYSE:BLD) last released its earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The firm had revenue of $474.50 million for the quarter, compared to analyst estimates of $477.72 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts predict that TopBuild Corp. will post $2.80 EPS for the current year.

In related news, CEO Gerald Volas sold 44,356 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the sale, the chief executive officer now directly owns 149,201 shares in the company, valued at $8,476,108.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently weighed in on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $75.00 target price on shares of TopBuild Corp. in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a research note on Thursday, August 10th. BidaskClub downgraded shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. KeyCorp reissued an “overweight” rating and issued a $59.00 target price (up previously from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Finally, TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. TopBuild Corp. has a consensus rating of “Buy” and a consensus target price of $58.00.

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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). Its Installation segment principally includes the sales and installation of insulation and other building products.

Institutional Ownership by Quarter for TopBuild Corp. (NYSE:BLD)

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