Oppenheimer Asset Management Inc. lessened its holdings in shares of TopBuild Corp (NYSE:BLD) by 38.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,107 shares of the construction company’s stock after selling 2,606 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in TopBuild were worth $234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of TopBuild by 7.0% in the first quarter. LPL Financial LLC now owns 12,588 shares of the construction company’s stock valued at $963,000 after purchasing an additional 821 shares during the period. Royal Bank of Canada boosted its holdings in shares of TopBuild by 44.4% in the first quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock valued at $199,000 after purchasing an additional 800 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of TopBuild by 2.5% in the first quarter. Principal Financial Group Inc. now owns 297,491 shares of the construction company’s stock valued at $22,764,000 after purchasing an additional 7,202 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of TopBuild in the second quarter valued at approximately $290,000. Finally, Amalgamated Bank boosted its holdings in shares of TopBuild by 14.1% in the second quarter. Amalgamated Bank now owns 5,791 shares of the construction company’s stock valued at $454,000 after purchasing an additional 716 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $98.00 price target on shares of TopBuild in a report on Friday, July 20th. Seaport Global Securities reiterated a “buy” rating and issued a $94.00 price target on shares of TopBuild in a report on Sunday, August 12th. ValuEngine lowered TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Stephens reiterated a “buy” rating and issued a $87.00 price target on shares of TopBuild in a report on Thursday, August 16th. Finally, KeyCorp set a $81.00 price target on TopBuild and gave the company a “buy” rating in a report on Monday, August 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. TopBuild currently has an average rating of “Buy” and a consensus price target of $84.70.

Shares of NYSE:BLD opened at $51.31 on Friday. The company has a market capitalization of $1.90 billion, a P/E ratio of 13.92 and a beta of 0.77. TopBuild Corp has a 52 week low of $42.18 and a 52 week high of $87.21. The company has a quick ratio of 1.18, a current ratio of 1.59 and a debt-to-equity ratio of 0.66.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 6th. The construction company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. The company had revenue of $647.30 million during the quarter, compared to the consensus estimate of $643.65 million. TopBuild had a net margin of 8.96% and a return on equity of 13.22%. TopBuild’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share. On average, sell-side analysts predict that TopBuild Corp will post 4.22 EPS for the current fiscal year.

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TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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