Rhumbline Advisers Decreases Stake in TopBuild Corp. (NYSE:BLD)

Rhumbline Advisers reduced its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,224 shares of the construction company's stock after selling 1,648 shares during the period. Rhumbline Advisers owned 0.27% of TopBuild worth $24,666,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLD. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock 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. Finally, The Goldman Sachs Group dropped their price objective on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Three investment 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 company currently has a consensus rating of "Moderate Buy" and a consensus target price of $437.00.

TopBuild Stock Down 5.4 %

NYSE:BLD traded down $17.36 during midday trading on Friday, reaching $304.04. 202,426 shares of the stock traded hands, compared to its average volume of 266,906. 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 of $328.57 and a two-hundred day moving average of $363.32. 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 stock has a market capitalization of $8.97 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.85.

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.