Quantamental Technologies LLC Acquires Shares of 901 TopBuild Corp (BLD)

Quantamental Technologies LLC purchased a new stake in TopBuild Corp (NYSE:BLD) during the fourth quarter, Holdings Channel reports. The fund purchased 901 shares of the construction company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TopBuild by 19.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,539 shares of the construction company’s stock valued at $114,000 after buying an additional 408 shares in the last quarter. Bank of Montreal Can lifted its stake in TopBuild by 10.7% in the fourth quarter. Bank of Montreal Can now owns 3,871 shares of the construction company’s stock valued at $175,000 after buying an additional 374 shares in the last quarter. Paloma Partners Management Co bought a new position in TopBuild in the third quarter valued at approximately $222,000. Janus Henderson Group PLC bought a new position in TopBuild in the third quarter valued at approximately $250,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in TopBuild by 12.8% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,508 shares of the construction company’s stock valued at $483,000 after buying an additional 966 shares in the last quarter. 94.65% of the stock is currently owned by hedge funds and other institutional investors.

NYSE BLD opened at $56.29 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.22 and a current ratio of 1.59. TopBuild Corp has a 12-month low of $41.27 and a 12-month high of $87.21. The company has a market capitalization of $1.87 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 0.48 and a beta of 1.04.

A number of research analysts have weighed in on BLD shares. Nomura set a $66.00 price target on shares of TopBuild and gave the company a “buy” rating in a research note on Monday, December 17th. KeyCorp set a $67.00 price target on shares of TopBuild and gave the company a “buy” rating in a research note on Monday, November 12th. SunTrust Banks cut their price target on shares of TopBuild to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, November 7th. Stephens lowered shares of TopBuild from an “overweight” rating to an “equal” rating and set a $52.00 price target on the stock. in a research note on Thursday, October 18th. Finally, Zacks Investment Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $79.90.

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About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

Further Reading: Market Capitalization in the Stock Market

Want to see what other hedge funds are holding BLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TopBuild Corp (NYSE:BLD).

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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