Rutabaga Capital Management LLC MA reduced its stake in shares of TopBuild Corp (NYSE:BLD) by 33.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,429 shares of the construction company’s stock after selling 121,000 shares during the period. TopBuild accounts for 4.1% of Rutabaga Capital Management LLC MA’s investment portfolio, making the stock its 7th biggest holding. Rutabaga Capital Management LLC MA owned 0.67% of TopBuild worth $17,983,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Rothschild Asset Management Inc. acquired a new position in shares of TopBuild during the third quarter valued at about $30,954,000. Koch Industries Inc. acquired a new position in TopBuild in the second quarter worth about $324,000. Janus Henderson Group PLC acquired a new position in TopBuild in the second quarter worth about $11,081,000. Emerald Advisers Inc. PA acquired a new position in TopBuild in the fourth quarter worth about $12,771,000. Finally, Westfield Capital Management Co. LP raised its position in TopBuild by 42.1% in the third quarter. Westfield Capital Management Co. LP now owns 477,315 shares of the construction company’s stock worth $31,107,000 after purchasing an additional 141,310 shares in the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.
Shares of TopBuild Corp (NYSE BLD) traded up $2.29 during mid-day trading on Monday, hitting $74.50. 178,900 shares of the company traded hands, compared to its average volume of 241,897. TopBuild Corp has a 1-year low of $37.50 and a 1-year high of $78.64. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The company has a market cap of $2,650.00 and a P/E ratio of 36.70.
Several analysts have recently commented on BLD shares. Zacks Investment Research upgraded shares of TopBuild from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, January 16th. Nomura upgraded shares of TopBuild from a “neutral” rating to a “buy” rating and increased their price objective for the company from $69.00 to $78.00 in a report on Monday, December 18th. Jefferies Group began coverage on shares of TopBuild in a report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 target price on the stock. ValuEngine lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, KeyCorp restated an “overweight” rating on shares of TopBuild in a report on Friday, November 10th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.43.
TRADEMARK VIOLATION WARNING: “Rutabaga Capital Management LLC MA Decreases Position in TopBuild Corp (BLD)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/02/19/topbuild-corp-bld-shares-sold-by-rutabaga-capital-management-llc-ma.html.
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.