Mak Capital One Lowers stake in TopBuild Corp (BLD)

TopBuild Corp (BLD) : Mak Capital One reduced its stake in TopBuild Corp by 84.76% during the most recent quarter end. The investment management company now holds a total of 12,400 shares of TopBuild Corp which is valued at $425,568 after selling 68,966 shares in TopBuild Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.TopBuild Corp makes up approximately 0.35% of Mak Capital One’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in BLD by selling 65 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 22,921 shares of BLD which is valued at $786,649.Brandes Investment Partners Lp boosted its stake in BLD in the latest quarter, The investment management firm added 2,857 additional shares and now holds a total of 24,353 shares of TopBuild Corp which is valued at $835,795. TopBuild Corp makes up approx 0.01% of Brandes Investment Partners Lp’s portfolio.Montag A Associates Inc reduced its stake in BLD by selling 80,775 shares or 88.09% in the most recent quarter. The Hedge Fund company now holds 10,925 shares of BLD which is valued at $364,677. TopBuild Corp makes up approx 0.05% of Montag A Associates Inc’s portfolio.Schwab Charles Investment Management Inc boosted its stake in BLD in the latest quarter, The investment management firm added 2,563 additional shares and now holds a total of 69,459 shares of TopBuild Corp which is valued at $2.3 Million.

TopBuild Corp closed down -0.66 points or -1.83% at $35.41 with 4,69,884 shares getting traded on Wednesday. Post opening the session at $36.28, the shares hit an intraday low of $35.29 and an intraday high of $36.39 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, TopBuild Corp reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.15. The company had revenue of $414.00 million for the quarter, compared to analysts expectations of $387.91 million. The company’s revenue was up 15.5% compared to the same quarter last year.

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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