Renaissance Investment Group buys $1.7 Million stake in TopBuild Corp (BLD)

TopBuild Corp (BLD) : Renaissance Investment Group scooped up 2,228 additional shares in TopBuild Corp during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 55,782 shares of TopBuild Corp which is valued at $1.7 Million.TopBuild Corp makes up approximately 0.83% of Renaissance Investment Group’s portfolio.

On the company’s financial health, TopBuild Corp reported $0.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Mar 3, 2016. Analyst had a consensus of $0.53. The company had revenue of $426.50 million for the quarter, compared to analysts expectations of $427.87 million. The company’s revenue was up 7.1% compared to the same quarter last year.

Many Wall Street Analysts have commented on TopBuild Corp. TopBuild Corp was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jan 27, 2016.

TopBuild Corp closed down -0.37 points or -1.17% at $31.16 with 2,67,532 shares getting traded on Monday. Post opening the session at $31.6, the shares hit an intraday low of $31.09 and an intraday high of $31.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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