Cim Investment Mangement Inc. purchased a new stake in TopBuild Corp (NYSE:BLD) in the fourth quarter, HoldingsChannel reports. The firm purchased 5,421 shares of the construction company’s stock, valued at approximately $244,000.
Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its stake in shares of TopBuild by 1.9% in the 3rd quarter. FMR LLC now owns 2,127,215 shares of the construction company’s stock valued at $120,868,000 after acquiring an additional 38,754 shares during the last quarter. BlackRock Inc. increased its stake in shares of TopBuild by 2.3% in the 3rd quarter. BlackRock Inc. now owns 5,438,637 shares of the construction company’s stock valued at $309,024,000 after acquiring an additional 123,898 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of TopBuild by 359.2% in the 3rd quarter. Renaissance Technologies LLC now owns 143,716 shares of the construction company’s stock valued at $8,166,000 after acquiring an additional 112,416 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of TopBuild in the 3rd quarter valued at about $633,000. Finally, Thompson Investment Management Inc. increased its stake in shares of TopBuild by 5.2% in the 3rd quarter. Thompson Investment Management Inc. now owns 61,249 shares of the construction company’s stock valued at $3,480,000 after acquiring an additional 3,004 shares during the last quarter. 94.65% of the stock is owned by institutional investors.
NYSE BLD opened at $53.32 on Tuesday. TopBuild Corp has a 52-week low of $41.27 and a 52-week high of $87.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.59 and a quick ratio of 1.22. The company has a market cap of $1.87 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 0.48 and a beta of 1.04.
BLD has been the subject of a number of recent analyst reports. Stephens cut TopBuild from an “overweight” rating to an “equal” rating and set a $52.00 price target for the company. in a research note on Thursday, October 18th. Zacks Investment Research cut TopBuild from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. SunTrust Banks lowered their target price on TopBuild to $70.00 and set a “buy” rating for the company in a research note on Wednesday, November 7th. KeyCorp set a $67.00 target price on TopBuild and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, Nomura set a $66.00 target price on TopBuild and gave the stock a “buy” rating in a research note on Monday, December 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. TopBuild currently has a consensus rating of “Hold” and an average price target of $79.90.
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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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