Quantbot Technologies LP Invests $1.27 Million in TopBuild Corp (BLD) Stock

Quantbot Technologies LP acquired a new position in shares of TopBuild Corp (NYSE:BLD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,430 shares of the construction company’s stock, valued at approximately $1,274,000. Quantbot Technologies LP owned 0.06% of TopBuild as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Piedmont Investment Advisors LLC increased its stake in shares of TopBuild by 9.3% in the second quarter. Piedmont Investment Advisors LLC now owns 8,306 shares of the construction company’s stock valued at $651,000 after purchasing an additional 710 shares during the period. Amalgamated Bank increased its stake in shares of TopBuild by 14.1% in the second quarter. Amalgamated Bank now owns 5,791 shares of the construction company’s stock valued at $454,000 after purchasing an additional 716 shares during the period. Royal Bank of Canada increased its stake in shares of TopBuild by 44.4% in the first quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock valued at $199,000 after purchasing an additional 800 shares during the period. Granite Investment Partners LLC increased its stake in shares of TopBuild by 0.4% in the second quarter. Granite Investment Partners LLC now owns 191,250 shares of the construction company’s stock valued at $14,983,000 after purchasing an additional 845 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of TopBuild by 17.5% in the second quarter. Cubist Systematic Strategies LLC now owns 5,925 shares of the construction company’s stock valued at $464,000 after purchasing an additional 884 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

TopBuild stock opened at $50.95 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.59 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.80 billion, a PE ratio of 18.33, a P/E/G ratio of 0.43 and a beta of 0.79. TopBuild Corp has a 12-month low of $42.18 and a 12-month high of $87.21.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 6th. The construction company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.01. The business had revenue of $647.30 million during the quarter, compared to analysts’ expectations of $643.65 million. TopBuild had a net margin of 8.96% and a return on equity of 13.22%. The business’s revenue was up 32.4% on a year-over-year basis. During the same period last year, the firm posted $0.83 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp will post 4.19 EPS for the current fiscal year.

Several brokerages have commented on BLD. KeyCorp set a $67.00 price target on shares of TopBuild and gave the company a “buy” rating in a research note on Monday, November 12th. SunTrust Banks dropped their price target on shares of TopBuild to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, November 7th. Zacks Investment Research lowered shares of TopBuild from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Stephens lowered shares of TopBuild from an “overweight” rating to an “equal” rating and set a $52.00 price target on the stock. in a research note on Thursday, October 18th. Finally, ValuEngine lowered shares of TopBuild from a “sell” rating to a “strong sell” rating in a research note on Friday, September 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $83.30.

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TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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