Mutual of America Capital Management LLC Decreases Stock Position in TopBuild Corp. (NYSE:BLD)

Mutual of America Capital Management LLC lowered its stake in TopBuild Corp. (NYSE:BLDFree Report) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,658 shares of the construction company’s stock after selling 2,461 shares during the period. Mutual of America Capital Management LLC owned 0.07% of TopBuild worth $5,198,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of TopBuild by 2.4% during the third quarter. UBS Group AG now owns 16,612 shares of the construction company’s stock worth $4,180,000 after purchasing an additional 382 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in shares of TopBuild by 127.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 5,222 shares of the construction company’s stock worth $1,314,000 after purchasing an additional 2,923 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of TopBuild by 58.7% during the third quarter. HighTower Advisors LLC now owns 1,860 shares of the construction company’s stock worth $479,000 after purchasing an additional 688 shares during the last quarter. Pathstone Family Office LLC raised its holdings in shares of TopBuild by 16.8% during the third quarter. Pathstone Family Office LLC now owns 3,608 shares of the construction company’s stock worth $908,000 after purchasing an additional 518 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of TopBuild by 7.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,273 shares of the construction company’s stock worth $823,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 95.58% of the company’s stock.

TopBuild Stock Performance

BLD opened at $391.54 on Monday. The firm has a market capitalization of $12.44 billion, a PE ratio of 20.34, a PEG ratio of 1.89 and a beta of 1.67. TopBuild Corp. has a twelve month low of $184.50 and a twelve month high of $395.39. The firm’s 50-day moving average price is $362.74 and its 200 day moving average price is $301.82. The company has a current ratio of 2.50, a quick ratio of 2.02 and a debt-to-equity ratio of 0.58.

Analyst Upgrades and Downgrades

BLD has been the subject of a number of recent analyst reports. Evercore ISI raised shares of TopBuild from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $308.00 to $368.00 in a report on Thursday, November 9th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, December 26th. Truist Financial cut shares of TopBuild from a “buy” rating to a “hold” rating and lifted their price objective for the company from $290.00 to $410.00 in a report on Thursday, January 4th. The Goldman Sachs Group lifted their price objective on shares of TopBuild from $369.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus price target of $341.67.

Check Out Our Latest Report on TopBuild

Insider Buying and Selling

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

TopBuild 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.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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