TopBuild Corp. (NYSE:BLD) Holdings Cut by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in shares of TopBuild Corp. (NYSE:BLD) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 7,937 shares of the construction company’s stock after selling 500 shares during the quarter. Handelsbanken Fonder AB’s holdings in TopBuild were worth $2,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in BLD. FMR LLC boosted its position in TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after purchasing an additional 161,743 shares during the period. State Street Corp lifted its stake in TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after buying an additional 34,911 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of TopBuild by 2.1% during the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after acquiring an additional 12,909 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in shares of TopBuild by 4.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock worth $91,076,000 after acquiring an additional 11,762 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of TopBuild by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock worth $94,955,000 after acquiring an additional 5,982 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Down 0.6 %

Shares of BLD stock opened at $301.83 on Tuesday. The business’s fifty day moving average is $327.00 and its 200-day moving average is $361.72. TopBuild Corp. has a 1 year low of $297.05 and a 1 year high of $495.68. The stock has a market cap of $8.90 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.92 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.

Wall Street Analysts Forecast Growth

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

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.