Penn Capital Management Co Inc buys $26.1 Million stake in TopBuild Corp (BLD)

TopBuild Corp (BLD) : Penn Capital Management Co Inc scooped up 1,579 additional shares in TopBuild Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 760,432 shares of TopBuild Corp which is valued at $26.1 Million.TopBuild Corp makes up approximately 1.50% of Penn Capital Management Co Inc’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors reduced its stake in BLD by selling 29,326 shares or 61.04% in the most recent quarter. The Hedge Fund company now holds 18,718 shares of BLD which is valued at $642,402. D L Carlson Investment Group Inc sold out all of its stake in BLD during the most recent quarter. The investment firm sold 45,839 shares of BLD which is valued $1.6 Million.New York State Common Retirement Fund reduced its stake in BLD by selling 13,714 shares or 5.32% in the most recent quarter. The Hedge Fund company now holds 244,281 shares of BLD which is valued at $8.2 Million. TopBuild Corp makes up approx 0.01% of New York State Common Retirement Fund’s portfolio.Quadrant Capital Group reduced its stake in BLD by selling 237 shares or 81.44% in the most recent quarter. The Hedge Fund company now holds 54 shares of BLD which is valued at $1,686.

TopBuild Corp opened for trading at $34.23 and hit $35.19 on the upside on Friday, eventually ending the session at $34.88, with a gain of 2.17% or 0.74 points. The heightened volatility saw the trading volume jump to 5,34,047 shares. Company has a market cap of $1,341,485 M.

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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