Thompson Investment Management buys $4,013,945 stake in TopBuild Corp (BLD)

TopBuild Corp (BLD) : Thompson Investment Management scooped up 543 additional shares in TopBuild Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 126,863 shares of TopBuild Corp which is valued at $4,013,945.TopBuild Corp makes up approximately 0.83% of Thompson Investment Management’s portfolio.

TopBuild Corp opened for trading at $31.88 and hit $32.1 on the upside on Wednesday, eventually ending the session at $31.98, with a gain of 0.57% or 0.18 points. The heightened volatility saw the trading volume jump to 1,19,536 shares. Company has a market cap of $1,210 M.

Other Hedge Funds, Including , Blb&b Advisors reduced its stake in BLD by selling 2,229 shares or 21.89% in the most recent quarter. The Hedge Fund company now holds 7,953 shares of BLD which is valued at $251,633. TopBuild Corp makes up approx 0.05% of Blb&b Advisors’s portfolio.Creative Planning reduced its stake in BLD by selling 14 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 644 shares of BLD which is valued at $20,067. Proficio Capital Partners added BLD to its portfolio by purchasing 21 company shares during the most recent quarter which is valued at $654.

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. 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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