Rutabaga Capital Management LLC MA Decreases Position in TopBuild Corp (BLD)

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.

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TopBuild Profile

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.

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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