Rhumbline Advisers lowered its position in TopBuild Corp (NYSE:BLD) by 3.4% during the third quarter, Holdings Channel reports. The institutional investor owned 82,027 shares of the construction company’s stock after selling 2,874 shares during the quarter. Rhumbline Advisers’ holdings in TopBuild were worth $4,661,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BLD. Investec Asset Management LTD purchased a new position in shares of TopBuild in the 2nd quarter worth approximately $68,649,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in TopBuild during the 3rd quarter worth approximately $16,536,000. BlackRock Inc. grew its position in TopBuild by 4.8% during the 2nd quarter. BlackRock Inc. now owns 5,314,739 shares of the construction company’s stock worth $416,356,000 after purchasing an additional 244,583 shares during the last quarter. Brown Advisory Inc. grew its position in TopBuild by 74.8% during the 2nd quarter. Brown Advisory Inc. now owns 541,999 shares of the construction company’s stock worth $42,460,000 after purchasing an additional 231,843 shares during the last quarter. Finally, Investec Asset Management North America Inc. purchased a new stake in TopBuild during the 2nd quarter worth approximately $17,665,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have weighed in on BLD. Zacks Investment Research downgraded shares of TopBuild from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. KeyCorp set a $81.00 target price on shares of TopBuild and gave the stock a “buy” rating in a research report on Monday, August 27th. Macquarie dropped their target price on shares of TopBuild from $83.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, September 6th. Seaport Global Securities reissued a “buy” rating and set a $94.00 target price on shares of TopBuild in a research report on Sunday, August 12th. Finally, SunTrust Banks dropped their target price on shares of TopBuild to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $83.30.

BLD stock opened at $47.17 on Friday. The firm has a market capitalization of $1.70 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 0.66. TopBuild Corp has a 12 month low of $42.18 and a 12 month high of $87.21.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 6th. The construction company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.22 by $0.01. The business had revenue of $647.30 million for 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%. The business’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. On average, research analysts expect that TopBuild Corp will post 4.19 EPS for the current fiscal year.

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TopBuild 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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