Barclays PLC Reduces Holdings in TopBuild Corp. (NYSE:BLD)

Barclays PLC cut its position in shares of TopBuild Corp. (NYSE:BLDFree Report) by 24.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,571 shares of the construction company’s stock after selling 13,525 shares during the quarter. Barclays PLC owned approximately 0.13% of TopBuild worth $10,711,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors increased its position in shares of TopBuild by 1.1% during the 2nd quarter. Capital Research Global Investors now owns 2,775,908 shares of the construction company’s stock valued at $738,425,000 after purchasing an additional 29,572 shares during the last quarter. State Street Corp increased its position in shares of TopBuild by 0.8% during the 2nd quarter. State Street Corp now owns 1,006,208 shares of the construction company’s stock valued at $267,671,000 after purchasing an additional 7,955 shares during the last quarter. Capital International Investors increased its position in shares of TopBuild by 135.6% during the 1st quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock valued at $165,778,000 after purchasing an additional 526,053 shares during the last quarter. Millennium Management LLC increased its position in shares of TopBuild by 230.1% during the 4th quarter. Millennium Management LLC now owns 864,237 shares of the construction company’s stock valued at $135,244,000 after purchasing an additional 602,416 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of TopBuild by 16.4% during the 2nd quarter. Geode Capital Management LLC now owns 519,495 shares of the construction company’s stock valued at $138,196,000 after purchasing an additional 73,210 shares during the last quarter. 95.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on BLD shares. Evercore ISI upgraded TopBuild from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $308.00 to $368.00 in a research report on Thursday, November 9th. Jefferies Financial Group reduced their price target on TopBuild from $365.00 to $331.00 in a research report on Thursday, October 12th. Loop Capital upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. upgraded TopBuild from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $312.00 to $387.00 in a research report on Thursday, December 14th. Finally, The Goldman Sachs Group raised their price target on TopBuild from $369.00 to $419.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $330.00.

Get Our Latest Report on BLD

Insider Activity

In other news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $374.65, for a total value of $374,650.00. Following the completion of the transaction, the vice president now owns 7,921 shares in the company, valued at approximately $2,967,602.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other TopBuild news, CEO Robert M. Buck sold 2,500 shares of TopBuild stock in a transaction on Friday, December 15th. The stock was sold at an average price of $374.60, for a total transaction of $936,500.00. Following the completion of the transaction, the chief executive officer now owns 66,830 shares in the company, valued at $25,034,518. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Luis Francisco Machado sold 1,000 shares of TopBuild stock in a transaction on Friday, December 15th. The shares were sold at an average price of $374.65, for a total value of $374,650.00. Following the transaction, the vice president now owns 7,921 shares of the company’s stock, valued at approximately $2,967,602.65. The disclosure for this sale can be found here. Insiders sold a total of 8,000 shares of company stock worth $2,643,240 in the last quarter. 0.46% of the stock is owned by company insiders.

TopBuild Trading Up 0.7 %

BLD opened at $372.24 on Wednesday. The stock has a market cap of $11.83 billion, a PE ratio of 19.34, a PEG ratio of 1.85 and a beta of 1.67. The company has a quick ratio of 2.02, a current ratio of 2.50 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $357.42 and a 200-day moving average of $299.32. TopBuild Corp. has a 52 week low of $184.50 and a 52 week high of $383.40.

TopBuild Company Profile

(Free Report)

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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.

See Also

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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