Rutabaga Capital Management LLC MA Lowers Position in TopBuild Corp (BLD)
Rutabaga Capital Management LLC MA reduced its holdings in shares of TopBuild Corp (NYSE:BLD) by 33.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 237,429 shares of the construction company’s stock after selling 121,000 shares during the period. TopBuild accounts for 4.1% of Rutabaga Capital Management LLC MA’s portfolio, making the stock its 7th biggest holding. Rutabaga Capital Management LLC MA’s holdings in TopBuild were worth $17,983,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of BLD. Rothschild Asset Management Inc. purchased a new position in TopBuild during the 3rd quarter valued at about $30,954,000. Koch Industries Inc. purchased a new position in TopBuild during the 2nd quarter valued at about $324,000. Janus Henderson Group PLC purchased a new position in TopBuild during the 2nd quarter valued at about $11,081,000. Emerald Advisers Inc. PA purchased a new position in TopBuild during the 4th quarter valued at about $12,771,000. Finally, Westfield Capital Management Co. LP lifted its position in TopBuild by 42.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 477,315 shares of the construction company’s stock valued at $31,107,000 after acquiring an additional 141,310 shares during the period. 94.79% of the stock is owned by institutional investors.
TopBuild Corp (NYSE:BLD) opened at $70.49 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2,507.99, a PE ratio of 27.64 and a beta of 0.51. TopBuild Corp has a twelve month low of $37.50 and a twelve month high of $78.64.
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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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