BlackRock Institutional Trust Company N.A. cut its stake in TopBuild Corp. (NYSE:BLD) by 24.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 897,261 shares of the company’s stock after selling 293,776 shares during the period. BlackRock Institutional Trust Company N.A. owned approximately 2.38% of TopBuild Corp. worth $26,685,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Nisa Investment Advisors L.L.C. bought a new stake in TopBuild Corp. during the first quarter valued at approximately $715,000. Teachers Advisors Inc. raised its stake in TopBuild Corp. by 13.0% in the first quarter. Teachers Advisors Inc. now owns 31,980 shares of the company’s stock valued at $951,000 after buying an additional 3,674 shares during the period. BlueCrest Capital Management Ltd bought a new stake in TopBuild Corp. during the fourth quarter valued at approximately $1,069,000. Mazama Capital Management Inc. raised its stake in TopBuild Corp. by 0.4% in the fourth quarter. Mazama Capital Management Inc. now owns 40,972 shares of the company’s stock valued at $1,261,000 after buying an additional 147 shares during the period. Finally, Rhumbline Advisers raised its stake in TopBuild Corp. by 4.8% in the fourth quarter. Rhumbline Advisers now owns 41,668 shares of the company’s stock valued at $1,282,000 after buying an additional 1,891 shares during the period.
Shares of TopBuild Corp. (NYSE:BLD) traded down 1.68% on Wednesday, reaching $38.00. 244,414 shares of the company traded hands. TopBuild Corp. has a 1-year low of $23.02 and a 1-year high of $38.94. The stock has a market capitalization of $1.46 billion and a price-to-earnings ratio of 15.37. The company has a 50-day moving average of $36.86 and a 200-day moving average of $31.48.
Separately, Zacks Investment Research lowered TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. TopBuild Corp. has an average rating of “Buy” and a consensus target price of $36.40.
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). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.
