Natixis Advisors LLC lessened its holdings in shares of TopBuild Corp. (NYSE:BLD – Free Report) by 21.5% during the 4th quarter, HoldingsChannel reports. The fund owned 71,962 shares of the construction company’s stock after selling 19,716 shares during the period. Natixis Advisors LLC’s holdings in TopBuild were worth $30,022,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Greenleaf Trust grew its stake in TopBuild by 1.8% during the 4th quarter. Greenleaf Trust now owns 1,214 shares of the construction company’s stock valued at $506,000 after acquiring an additional 22 shares in the last quarter. Root Financial Partners LLC grew its stake in TopBuild by 25.3% during the 4th quarter. Root Financial Partners LLC now owns 109 shares of the construction company’s stock valued at $45,000 after acquiring an additional 22 shares in the last quarter. Xponance Inc. grew its stake in TopBuild by 0.8% during the 3rd quarter. Xponance Inc. now owns 3,508 shares of the construction company’s stock valued at $1,371,000 after acquiring an additional 27 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in TopBuild by 3.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 844 shares of the construction company’s stock valued at $330,000 after acquiring an additional 27 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in TopBuild by 4.0% during the 4th quarter. GAMMA Investing LLC now owns 734 shares of the construction company’s stock valued at $306,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.
TopBuild Trading Down 0.6%
Shares of NYSE BLD opened at $405.96 on Friday. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 5.51 and a beta of 1.80. The business has a 50 day simple moving average of $406.50 and a 200 day simple moving average of $433.87. TopBuild Corp. has a 52 week low of $287.50 and a 52 week high of $559.47. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00.
Analyst Upgrades and Downgrades
BLD has been the topic of several research analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. Benchmark lowered their target price on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $466.77.
View Our Latest Analysis on BLD
TopBuild Profile
TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.
The company operates through two main segments.
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