Strs Ohio lowered its holdings in shares of TopBuild Corp (NYSE:BLD) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,200 shares of the construction company’s stock after selling 900 shares during the quarter. Strs Ohio owned approximately 0.05% of TopBuild worth $1,454,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Flinton Capital Management LLC increased its holdings in TopBuild by 66.2% in the 2nd quarter. Flinton Capital Management LLC now owns 1,888 shares of the construction company’s stock worth $100,000 after acquiring an additional 752 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in TopBuild in the 3rd quarter worth approximately $217,000. DE Burlo Group Inc. purchased a new stake in TopBuild in the 3rd quarter worth approximately $230,000. Shelton Capital Management purchased a new stake in TopBuild in the 3rd quarter worth approximately $234,000. Finally, M&T Bank Corp purchased a new stake in TopBuild in the 2nd quarter worth approximately $213,000. 94.75% of the stock is owned by hedge funds and other institutional investors.
TopBuild Corp (BLD) traded up $1.81 during mid-day trading on Friday, reaching $70.49. The company’s stock had a trading volume of 275,640 shares, compared to its average volume of 215,593. 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 $2,507.96, a P/E ratio of 27.64 and a beta of 0.51.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Nomura raised shares of TopBuild from a “neutral” rating to a “buy” rating and increased their target price for the stock from $69.00 to $78.00 in a report on Monday, December 18th. ValuEngine lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Jefferies Group assumed coverage on shares of TopBuild in a report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 target price for the company. Finally, KeyCorp reissued an “overweight” rating on shares of TopBuild in a report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. TopBuild currently has an average rating of “Buy” and a consensus price target of $68.43.
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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.
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