Rhumbline Advisers trimmed its stake in shares of TopBuild Corp (NYSE:BLD) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,027 shares of the construction company’s stock after selling 2,874 shares during the period. Rhumbline Advisers owned 0.23% of TopBuild worth $4,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in TopBuild by 44.4% during the first quarter. Royal Bank of Canada now owns 2,600 shares of the construction company’s stock valued at $199,000 after acquiring an additional 800 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in TopBuild during the third quarter valued at $207,000. Cim Investment Mangement Inc. purchased a new position in TopBuild during the second quarter valued at $210,000. Point72 Hong Kong Ltd purchased a new position in TopBuild during the second quarter valued at $219,000. Finally, Cubist Systematic Strategies LLC grew its stake in shares of TopBuild by 17.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 5,925 shares of the construction company’s stock worth $464,000 after buying an additional 884 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

BLD has been the subject of a number of recent research reports. Seaport Global Securities reissued a “buy” rating and issued a $94.00 price objective on shares of TopBuild in a research note on Sunday, August 12th. Stephens reissued a “buy” rating and issued a $87.00 price objective on shares of TopBuild in a research note on Thursday, August 16th. KeyCorp set a $81.00 price objective on shares of TopBuild and gave the stock a “buy” rating in a research note on Monday, August 27th. ValuEngine cut shares of TopBuild from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. Finally, Macquarie dropped their price objective on shares of TopBuild from $83.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. TopBuild has a consensus rating of “Buy” and a consensus price target of $83.30.

BLD stock opened at $47.17 on Friday. TopBuild Corp has a 12 month low of $42.18 and a 12 month high of $87.21. The stock has a market cap of $1.70 billion, a P/E ratio of 16.97, a PEG ratio of 0.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.22.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 6th. The construction company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.01. TopBuild had a net margin of 8.96% and a return on equity of 13.22%. The company had revenue of $647.30 million during the quarter, compared to analyst estimates of $643.65 million. During the same quarter last year, the business posted $0.83 EPS. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. As a group, research analysts expect that TopBuild Corp will post 4.19 earnings per share for the current 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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