Rex Capital Advisors Exits Position in TopBuild Corp (BLD)

TopBuild Corp (BLD) : Rex Capital Advisors has sold out all of its stake in TopBuild Corp during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 5,670 shares of TopBuild Corp which is valued at $203,440.

Other Hedge Funds, Including , Perkins Investment Management reduced its stake in BLD by selling 64,783 shares or 23.43% in the most recent quarter. The Hedge Fund company now holds 211,674 shares of BLD which is valued at $7,419,174. TopBuild Corp makes up approx 0.11% of Perkins Investment Management’s portfolio.Citadel Advisors boosted its stake in BLD in the latest quarter, The investment management firm added 59,632 additional shares and now holds a total of 77,509 shares of TopBuild Corp which is valued at $2,650,033. TopBuild Corp makes up approx 0.01% of Citadel Advisors’s portfolio.New York State Teachers Retirement System reduced its stake in BLD by selling 500 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 91,836 shares of BLD which is valued at $3,139,873. TopBuild Corp makes up approx 0.01% of New York State Teachers Retirement System’s portfolio. Usa Financial Portformulas Corp sold out all of its stake in BLD during the most recent quarter. The investment firm sold 12,877 shares of BLD which is valued $440,265.

TopBuild Corp opened for trading at $36.82 and hit $37.19 on the upside on Monday, eventually ending the session at $37.02, with a gain of 0.98% or 0.36 points. The heightened volatility saw the trading volume jump to 2,44,010 shares. Company has a market cap of $1,408 M.

On the company’s financial health, TopBuild Corp reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 9, 2016. Analyst had a consensus of $0.59. The company had revenue of $453.10 million for the quarter, compared to analysts expectations of $455.77 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 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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