TopBuild Corp (BLD) : Renaissance Investment Group reduced its stake in TopBuild Corp by 3.09% during the most recent quarter end. The investment management company now holds a total of 53,770 shares of TopBuild Corp which is valued at $1,751,289 after selling 1,712 shares in TopBuild Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.TopBuild Corp makes up approximately 0.85% of Renaissance Investment Group’s portfolio.
Other Hedge Funds, Including , Highland Capital Management sold out all of its stake in BLD during the most recent quarter. The investment firm sold 9,795 shares of BLD which is valued $319,023.Capstone Asset Management Co reduced its stake in BLD by selling 290 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 11,171 shares of BLD which is valued at $367,861. TopBuild Corp makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in BLD in the latest quarter, The investment management firm added 140 additional shares and now holds a total of 765 shares of TopBuild Corp which is valued at $25,191. Advisory Services Network sold out all of its stake in BLD during the most recent quarter. The investment firm sold 53 shares of BLD which is valued $1,760.Bnp Paribas Arbitrage Sa reduced its stake in BLD by selling 6,177 shares or 49.26% in the most recent quarter. The Hedge Fund company now holds 6,363 shares of BLD which is valued at $212,588.
TopBuild Corp closed down -0.71 points or -2.11% at $32.93 with 2,26,192 shares getting traded on Tuesday. Post opening the session at $33.43, the shares hit an intraday low of $32.79 and an intraday high of $33.62 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.