TopBuild Corp. (BLD) Stake Raised by BlackRock Institutional Trust Company N.A.

TopBuild Corp. (BLD) Stake Raised by BlackRock Institutional Trust Company N.A.

BlackRock Institutional Trust Company N.A. boosted its stake in TopBuild Corp. (NYSE:BLD) by 9.0% during the third quarter, Holdings Channel reports. The fund owned 1,167,882 shares of the company’s stock after buying an additional 96,848 shares during the period. BlackRock Institutional Trust Company N.A. owned about 3.04% of TopBuild Corp. worth $38,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLD. Louisiana State Employees Retirement System increased its stake in shares of TopBuild Corp. by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 17,000 shares of the company’s stock valued at $615,000 after buying an additional 200 shares during the period. Rutabaga Capital Management LLC MA increased its stake in shares of TopBuild Corp. by 29.9% in the second quarter. Rutabaga Capital Management LLC MA now owns 326,932 shares of the company’s stock valued at $11,835,000 after buying an additional 75,250 shares during the period. Swiss National Bank increased its stake in shares of TopBuild Corp. by 0.7% in the third quarter. Swiss National Bank now owns 60,721 shares of the company’s stock valued at $2,016,000 after buying an additional 400 shares during the period. BlackRock Advisors LLC increased its stake in shares of TopBuild Corp. by 303.0% in the second quarter. BlackRock Advisors LLC now owns 75,439 shares of the company’s stock valued at $2,731,000 after buying an additional 56,721 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of TopBuild Corp. by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 454,446 shares of the company’s stock valued at $15,087,000 after buying an additional 3,949 shares during the period. 93.75% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Corp. (NYSE:BLD) traded down 0.98% during mid-day trading on Friday, hitting $37.55. 81,390 shares of the stock were exchanged. The stock has a 50 day moving average price of $36.98 and a 200 day moving average price of $35.05. The company has a market capitalization of $1.43 billion, a PE ratio of 12.87 and a beta of 0.54. TopBuild Corp. has a 1-year low of $23.02 and a 1-year high of $39.51.

TopBuild Corp. (NYSE:BLD) last announced its earnings results on Wednesday, November 9th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. TopBuild Corp. had a return on equity of 7.67% and a net margin of 6.44%. The business had revenue of $453 million for the quarter, compared to analysts’ expectations of $22.38 million. During the same period in the prior year, the business posted $0.50 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that TopBuild Corp. will post $1.94 earnings per share for the current fiscal year.

Several analysts have commented on the stock. KeyCorp upgraded shares of TopBuild Corp. from a “sector weight” rating to an “overweight” rating and set a $43.00 target price on the stock in a report on Thursday, January 5th. Zacks Investment Research upgraded shares of TopBuild Corp. from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, January 3rd. Finally, Macquarie restated 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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