Seascape Capital Management Decreases Position in TopBuild Corp. (NYSE:BLD)

Seascape Capital Management trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,937 shares of the construction company’s stock after selling 107 shares during the period. Seascape Capital Management’s holdings in TopBuild were worth $2,471,000 at the end of the most recent reporting period.

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

TopBuild Stock Down 0.4 %

Shares of NYSE:BLD opened at $325.89 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 52-week low of $302.70 and a 52-week high of $495.68. The firm has a market capitalization of $9.61 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.03 and a beta of 1.85. The stock has a 50 day moving average price of $332.19 and a 200-day moving average price of $366.42.

Analysts Set New Price Targets

BLD has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson lowered their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group cut their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.