Rutabaga Capital Management LLC MA cut its position in TopBuild Corp. (NYSE:BLD) by 36.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 351,179 shares of the construction company’s stock after selling 204,659 shares during the period. TopBuild Corp. makes up 3.5% of Rutabaga Capital Management LLC MA’s holdings, making the stock its 6th largest position. Rutabaga Capital Management LLC MA owned approximately 0.96% of TopBuild Corp. worth $18,637,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of TopBuild Corp. by 35,157.0% in the first quarter. BlackRock Inc. now owns 5,520,188 shares of the construction company’s stock valued at $259,449,000 after purchasing an additional 5,504,531 shares during the period. Vanguard Group Inc. increased its holdings in shares of TopBuild Corp. by 4.4% in the first quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock valued at $154,490,000 after purchasing an additional 139,066 shares during the period. FMR LLC increased its holdings in shares of TopBuild Corp. by 7.2% in the second quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock valued at $152,272,000 after purchasing an additional 193,582 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of TopBuild Corp. by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,360,626 shares of the construction company’s stock valued at $125,278,000 after purchasing an additional 164,591 shares during the period. Finally, State Street Corp increased its holdings in shares of TopBuild Corp. by 10.2% in the second quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock valued at $59,890,000 after purchasing an additional 104,562 shares during the period. 92.01% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on BLD shares. TheStreet raised TopBuild Corp. from a “c” rating to a “b-” rating in a report on Friday, June 16th. KeyCorp reissued an “overweight” rating and issued a $59.00 price objective (up from $56.00) on shares of TopBuild Corp. in a report on Monday, June 26th. Zacks Investment Research downgraded TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub downgraded TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $75.00 target price on shares of TopBuild Corp. in a research note on Wednesday, October 4th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.00.

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Shares of TopBuild Corp. (BLD) traded down 0.31% during mid-day trading on Friday, hitting $63.35. The stock had a trading volume of 32,998 shares. TopBuild Corp. has a 52-week low of $28.81 and a 52-week high of $67.27. The firm has a market cap of $2.31 billion, a PE ratio of 35.12 and a beta of 0.64. The firm has a 50 day moving average price of $62.31 and a 200 day moving average price of $62.31.

TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The company had revenue of $474.50 million for the quarter, compared to analyst estimates of $477.72 million. During the same quarter in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts predict that TopBuild Corp. will post $2.80 EPS for the current year.

In other TopBuild Corp. news, CEO Gerald Volas sold 44,356 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $56.81, for a total transaction of $2,519,864.36. Following the transaction, the chief executive officer now owns 149,201 shares of the company’s stock, valued at approximately $8,476,108.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

About TopBuild Corp.

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 Corp. (NYSE:BLD)

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