Thompson Investment Management Inc. Cuts Stake in TopBuild Corp. (NYSE:BLD)

Thompson Investment Management Inc. lessened its stake in shares of TopBuild Corp. (NYSE:BLD) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,735 shares of the construction company’s stock after selling 162 shares during the quarter. Thompson Investment Management Inc.’s holdings in TopBuild were worth $1,786,000 as of its most recent SEC filing.

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

TopBuild Trading Down 3.7 %

TopBuild stock opened at $326.92 on Friday. The firm’s 50 day moving average price is $337.91 and its 200-day moving average price is $371.10. TopBuild Corp. has a 1 year low of $302.70 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a market cap of $9.64 billion, a P/E ratio of 16.49, a PEG ratio of 2.03 and a beta of 1.85.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BLD shares. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lowered 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. DA Davidson decreased their target price 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 cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.