Regents Gate Capital LLP Acquires New Stake in TopBuild Corp. (NYSE:BLD)

Regents Gate Capital LLP purchased a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,033 shares of the construction company's stock, valued at approximately $4,992,000. TopBuild makes up 2.0% of Regents Gate Capital LLP's holdings, making the stock its 20th biggest holding. Regents Gate Capital LLP owned about 0.05% of TopBuild at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pitcairn Co. grew its position in TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after buying an additional 1,422 shares in the last quarter. TT International Asset Management LTD grew its position in TopBuild by 33.3% during the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock worth $5,847,000 after buying an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC grew its position in TopBuild by 704.6% during the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock worth $933,000 after buying an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in TopBuild by 37.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after buying an additional 48,562 shares in the last quarter. Finally, Bank of Montreal Can grew its position in TopBuild by 72.0% during the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company's stock worth $4,600,000 after buying an additional 4,703 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

BLD has been the topic of a number of analyst reports. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group cut their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. DA Davidson cut their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Finally, Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and cut their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $437.00.

TopBuild Price Performance

Shares of BLD traded up $4.46 during trading hours on Thursday, reaching $326.35. The stock had a trading volume of 245,603 shares, compared to its average volume of 263,610. TopBuild Corp. has a 12 month low of $302.70 and a 12 month high of $495.68. The stock has a market capitalization of $9.63 billion, a PE ratio of 16.47, a PEG ratio of 2.03 and a beta of 1.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company's 50-day moving average is $333.19 and its two-hundred day moving average is $368.23.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.