TopBuild Corp (BLD) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC cut its stake in TopBuild Corp (NYSE:BLD) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 55,240 shares of the construction company’s stock after selling 3,905 shares during the period. Chartwell Investment Partners LLC’s holdings in TopBuild were worth $4,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TopBuild by 53.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock worth $155,000 after acquiring an additional 719 shares during the period. Meeder Asset Management Inc. grew its stake in shares of TopBuild by 99.6% in the fourth quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock worth $176,000 after acquiring an additional 1,152 shares during the period. Everence Capital Management Inc. bought a new stake in shares of TopBuild in the fourth quarter worth approximately $205,000. Kovack Advisors Inc. bought a new stake in shares of TopBuild in the fourth quarter worth approximately $223,000. Finally, M&T Bank Corp bought a new stake in shares of TopBuild in the fourth quarter worth approximately $230,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Shares of TopBuild Corp (NYSE BLD) opened at $74.50 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2,650.66, a P/E ratio of 29.22 and a beta of 0.51. TopBuild Corp has a 12-month low of $37.50 and a 12-month high of $78.64.

A number of brokerages have recently commented on BLD. Jefferies Group began coverage on shares of TopBuild in a research note on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price target for the company. KeyCorp reiterated an “overweight” rating on shares of TopBuild in a research note on Friday, November 10th. Nomura upgraded shares of TopBuild from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $69.00 to $78.00 in a research note on Monday, December 18th. Zacks Investment Research lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Finally, ValuEngine upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. TopBuild currently has a consensus rating of “Buy” and an average price target of $68.43.

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TopBuild Company Profile

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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