BNP Paribas Arbitrage SA Has $547,000 Position in TopBuild Corp (BLD)

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BNP Paribas Arbitrage SA boosted its position in shares of TopBuild Corp (NYSE:BLD) by 702.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,437 shares of the construction company’s stock after buying an additional 7,386 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in TopBuild were worth $547,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new position in TopBuild during the fourth quarter worth about $249,000. Victory Capital Management Inc. raised its stake in shares of TopBuild by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 6,310 shares of the construction company’s stock valued at $284,000 after acquiring an additional 247 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in shares of TopBuild by 109.7% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 610,368 shares of the construction company’s stock valued at $27,467,000 after acquiring an additional 319,342 shares during the period. Piedmont Investment Advisors Inc. raised its stake in shares of TopBuild by 2.7% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,422 shares of the construction company’s stock valued at $379,000 after acquiring an additional 218 shares during the period. Finally, Investec Asset Management LTD raised its stake in shares of TopBuild by 4.6% in the 4th quarter. Investec Asset Management LTD now owns 1,167,348 shares of the construction company’s stock valued at $52,531,000 after acquiring an additional 51,773 shares during the period. Institutional investors own 95.00% of the company’s stock.

Shares of BLD stock opened at $86.34 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.56 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2.91 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.11. TopBuild Corp has a fifty-two week low of $41.27 and a fifty-two week high of $87.21.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, May 7th. The construction company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.24. The firm had revenue of $619.30 million during the quarter, compared to analysts’ expectations of $599.06 million. TopBuild had a net margin of 5.83% and a return on equity of 14.81%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. As a group, research analysts predict that TopBuild Corp will post 4.89 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. Nomura boosted their price target on shares of TopBuild from $71.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research raised shares of TopBuild from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. ValuEngine raised shares of TopBuild from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Buckingham Research assumed coverage on shares of TopBuild in a research note on Monday, February 25th. They issued a “buy” rating and a $69.00 price target on the stock. Finally, SunTrust Banks boosted their price target on shares of TopBuild to $72.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. TopBuild has an average rating of “Buy” and a consensus price target of $82.09.

In related news, COO Robert M. Buck sold 14,677 shares of TopBuild stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $58.66, for a total value of $860,952.82. Following the completion of the transaction, the chief operating officer now owns 60,142 shares in the company, valued at $3,527,929.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John S. Peterson sold 10,930 shares of TopBuild stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $60.36, for a total transaction of $659,734.80. Following the completion of the transaction, the vice president now owns 45,126 shares of the company’s stock, valued at approximately $2,723,805.36. The disclosure for this sale can be found here. Insiders sold 31,484 shares of company stock valued at $1,998,546 in the last 90 days. Company insiders own 2.30% of the company’s stock.

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About TopBuild

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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