TopBuild Corp (BLD) : Three Corner Global Investors Lp scooped up 14,100 additional shares in TopBuild Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 675,510 shares of TopBuild Corp which is valued at $22,852,503.TopBuild Corp makes up approximately 7.45% of Three Corner Global Investors Lp’s portfolio.
Other Hedge Funds, Including , Lpl Financial reduced its stake in BLD by selling 15,600 shares or 48.23% in the most recent quarter. The Hedge Fund company now holds 16,746 shares of BLD which is valued at $566,517. Laurion Capital Management Lp sold out all of its stake in BLD during the most recent quarter. The investment firm sold 28,200 shares of BLD which is valued $954,006.Advisors Capital Management reduced its stake in BLD by selling 1,667 shares or 17.93% in the most recent quarter. The Hedge Fund company now holds 7,631 shares of BLD which is valued at $258,157. TopBuild Corp makes up approx 0.03% of Advisors Capital Management’s portfolio.Hosking Partners Llp boosted its stake in BLD in the latest quarter, The investment management firm added 4,069 additional shares and now holds a total of 30,841 shares of TopBuild Corp which is valued at $1,169,491. TopBuild Corp makes up approx 0.05% of Hosking Partners Llp’s portfolio.
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.