DAVENPORT & Co LLC Sells 5,257 Shares of TopBuild Corp. (NYSE:BLD)

DAVENPORT & Co LLC lowered its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 66.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,622 shares of the construction company's stock after selling 5,257 shares during the period. DAVENPORT & Co LLC's holdings in TopBuild were worth $816,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. TFG Advisers LLC lifted its holdings in TopBuild by 1.1% in the 3rd quarter. TFG Advisers LLC now owns 2,975 shares of the construction company's stock worth $1,210,000 after buying an additional 31 shares during the period. CIBC Asset Management Inc grew its holdings in TopBuild by 3.6% in the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company's stock worth $374,000 after purchasing an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in TopBuild by 0.6% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company's stock valued at $2,181,000 after buying an additional 33 shares in the last quarter. CWM LLC increased its holdings in shares of TopBuild by 10.3% during the third quarter. CWM LLC now owns 387 shares of the construction company's stock valued at $157,000 after acquiring an additional 36 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC boosted its stake in TopBuild by 1.5% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company's stock worth $1,098,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Price Performance

Shares of TopBuild stock traded up $3.61 during trading hours on Monday, hitting $330.21. The company's stock had a trading volume of 191,789 shares, compared to its average volume of 270,465. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 12-month low of $302.70 and a 12-month high of $495.68. The business has a 50 day moving average price of $336.72 and a two-hundred day moving average price of $369.82. The company has a market cap of $9.74 billion, a PE ratio of 16.66, a PEG ratio of 2.03 and a beta of 1.85.

Wall Street Analysts Forecast Growth

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

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.