Harber Asset Management Lowers stake in TopBuild Corp (BLD)

TopBuild Corp (BLD) : Harber Asset Management reduced its stake in TopBuild Corp by 4.11% during the most recent quarter end. The investment management company now holds a total of 159,754 shares of TopBuild Corp which is valued at $5,404,478 after selling 6,840 shares in TopBuild Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.TopBuild Corp makes up approximately 2.71% of Harber Asset Management’s portfolio.

Other Hedge Funds, Including , Guggenheim Capital added BLD to its portfolio by purchasing 34,056 company shares during the most recent quarter which is valued at $1,152,114. Coe Capital Management added BLD to its portfolio by purchasing 56,948 company shares during the most recent quarter which is valued at $1,926,551. TopBuild Corp makes up approx 0.61% of Coe Capital Management’s portfolio.Rex Capital Advisors reduced its stake in BLD by selling 3,935 shares or 40.97% in the most recent quarter. The Hedge Fund company now holds 5,670 shares of BLD which is valued at $191,816. TopBuild Corp makes up approx 0.19% of Rex Capital Advisors’s portfolio.Msi Financial Services Inc reduced its stake in BLD by selling 15 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 724 shares of BLD which is valued at $27,512.

TopBuild Corp opened for trading at $34.03 and hit $34.6 on the upside on Thursday, eventually ending the session at $34.57, with a gain of 1.32% or 0.45 points. The heightened volatility saw the trading volume jump to 2,40,679 shares. Company has a market cap of $1,329 M.

On the company’s financial health, TopBuild Corp reported $0.43 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.43. The company had revenue of $431.60 million for the quarter, compared to analysts expectations of $450.53 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

TopBuild Corp. formerly Masco SpinCo Corp. is an installer and distributor of insulation products to construction industry. The Company operates through two segments: Installation and Distribution. Its segments serve three lines of business: residential new construction residential repair or remodel and commercial construction. Its Installation segment provides installation services across the United States through its TruTeam Contractor Services business. The Installation segment includes the sale and installation of insulation and other building products through its network of over 190 branches located across 43 states in the United States. The Company’s Distribution segment includes the distribution of insulation and other building products. The Distribution segment’s products include insulation insulation accessories rain gutters and roofing among others. The Company has over 72 distribution centers located in approximately 35 states.

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