Navellier & Associates Inc. Purchases 206 Shares of TopBuild Corp. (NYSE:BLD)

Navellier & Associates Inc. boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PYA Waltman Capital LLC boosted its stake in TopBuild by 11.7% during the fourth quarter. PYA Waltman Capital LLC now owns 4,367 shares of the construction company’s stock valued at $1,360,000 after buying an additional 457 shares during the last quarter. CIBC Asset Management Inc raised its position in TopBuild by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock valued at $301,000 after purchasing an additional 48 shares during the period. Principal Financial Group Inc. raised its position in TopBuild by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 116,612 shares of the construction company’s stock valued at $36,306,000 after purchasing an additional 1,265 shares during the period. Sheaff Brock Investment Advisors LLC raised its position in TopBuild by 0.7% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock valued at $1,681,000 after purchasing an additional 40 shares during the period. Finally, New York State Teachers Retirement System raised its position in TopBuild by 4.0% during the fourth quarter. New York State Teachers Retirement System now owns 33,706 shares of the construction company’s stock valued at $10,494,000 after purchasing an additional 1,289 shares during the period. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

TopBuild Trading Down 5.5 %

Shares of NYSE BLD opened at $303.78 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The business’s 50 day moving average price is $327.76 and its 200-day moving average price is $362.25. TopBuild Corp. has a fifty-two week low of $302.27 and a fifty-two week high of $495.68. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.92 and a beta of 1.85.

TopBuild 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.