Fiera Capital Corp Sells 3,213 Shares of TopBuild Corp. (NYSE:BLD)

Fiera Capital Corp lessened its position in shares of TopBuild Corp. (NYSE:BLD) by 2.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 131,257 shares of the construction company’s stock after selling 3,213 shares during the quarter. Fiera Capital Corp’s holdings in TopBuild were worth $40,866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in TopBuild during the third quarter valued at about $114,220,000. FMR LLC lifted its stake in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after buying an additional 161,743 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after buying an additional 110,143 shares in the last quarter. Natixis Advisors LLC bought a new position in TopBuild in the 3rd quarter worth approximately $41,981,000. Finally, E. Ohman J or Asset Management AB purchased a new position in TopBuild in the 4th quarter valued at approximately $23,906,000. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

TopBuild Stock Down 2.1 %

BLD stock opened at $321.92 on Thursday. The company’s 50 day moving average is $334.14 and its 200 day moving average is $368.52. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.85. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 1-year low of $302.70 and a 1-year high of $495.68.

About TopBuild

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.