Navellier & Associates Inc. Increases Holdings in TopBuild Corp. (NYSE:BLD)

Navellier & Associates Inc. lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,414 shares of the construction company’s stock after buying an additional 206 shares during the period. Navellier & Associates Inc.’s holdings in TopBuild were worth $1,374,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Pitcairn Co. increased its stake in TopBuild by 178.2% in the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after purchasing an additional 1,422 shares during the period. TT International Asset Management LTD boosted its holdings in TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock worth $5,847,000 after acquiring an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in TopBuild by 704.6% in the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock worth $933,000 after acquiring an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after acquiring an additional 48,562 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in TopBuild by 57.8% in the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock worth $10,160,000 after acquiring an additional 11,948 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BLD has been the subject of several recent analyst reports. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group reduced their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and reduced their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $437.00.

TopBuild Stock Performance

NYSE BLD opened at $303.78 on Friday. The firm has a market cap of $8.96 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.85. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $327.76 and a 200-day moving average price of $362.25. TopBuild Corp. has a twelve month low of $302.27 and a twelve month high of $495.68.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.