Fiera Capital Corp Sells 3,213 Shares of TopBuild Corp. (NYSE:BLD)

Fiera Capital Corp reduced its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,257 shares of the construction company's stock after selling 3,213 shares during the period. Fiera Capital Corp owned about 0.44% of TopBuild worth $40,866,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Pitcairn Co. boosted its position in shares of TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock valued at $903,000 after acquiring an additional 1,422 shares in the last quarter. TT International Asset Management LTD boosted its position in TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock valued at $5,847,000 after buying an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC boosted its position in TopBuild by 704.6% in the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock valued at $933,000 after buying an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after buying an additional 48,562 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in TopBuild by 72.0% in the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company's stock valued at $4,600,000 after buying an additional 4,703 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

TopBuild Trading Down 0.4 %

NYSE:BLD traded down $1.23 during trading hours on Friday, hitting $325.89. The stock had a trading volume of 157,246 shares, compared to its average volume of 261,915. TopBuild Corp. has a one year low of $302.70 and a one year high of $495.68. 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 has a market cap of $9.61 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 2.03 and a beta of 1.85. The business's 50 day moving average is $332.19 and its 200-day moving average is $366.42.

TopBuild 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.