Oxford Asset Management Reduces Stake in TopBuild Corp. (BLD)

Oxford Asset Management lowered its stake in TopBuild Corp. (NYSE:BLD) by 22.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 178,004 shares of the company’s stock after selling 51,750 shares during the period. Oxford Asset Management’s holdings in TopBuild Corp. were worth $6,337,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Latimer Light Capital L.P. acquired a new stake in shares of TopBuild Corp. during the second quarter valued at $18,338,000. Rutabaga Capital Management LLC MA increased its position in TopBuild Corp. by 63.2% in the third quarter. Rutabaga Capital Management LLC MA now owns 533,672 shares of the company’s stock valued at $16,080,000 after buying an additional 206,740 shares in the last quarter. GMT Capital Corp increased its position in TopBuild Corp. by 36.4% in the second quarter. GMT Capital Corp now owns 719,605 shares of the company’s stock valued at $26,050,000 after buying an additional 192,000 shares in the last quarter. Vanguard Group Inc. increased its position in TopBuild Corp. by 6.3% in the second quarter. Vanguard Group Inc. now owns 3,010,466 shares of the company’s stock valued at $108,978,000 after buying an additional 179,203 shares in the last quarter. Finally, Perkins Investment Management LLC increased its position in TopBuild Corp. by 78.9% in the third quarter. Perkins Investment Management LLC now owns 378,608 shares of the company’s stock valued at $12,570,000 after buying an additional 166,934 shares in the last quarter. Institutional investors and hedge funds own 93.63% of the company’s stock.

Institutional Ownership by Quarter for TopBuild Corp. (NYSE:BLD)

Shares of TopBuild Corp. (NYSE:BLD) traded down 0.68% during midday trading on Monday, hitting $38.22. The stock had a trading volume of 112,055 shares. The firm’s 50-day moving average price is $37.16 and its 200-day moving average price is $35.04. TopBuild Corp. has a 1-year low of $23.18 and a 1-year high of $39.51. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 13.10 and a beta of 0.55.

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Several equities analysts have commented on the company. Macquarie reiterated a “neutral” rating on shares of TopBuild Corp. in a research report on Wednesday, December 21st. Zacks Investment Research downgraded TopBuild Corp. from a “buy” rating to a “hold” rating in a research report on Friday, January 6th. Finally, KeyCorp upgraded TopBuild Corp. from a “sector weight” rating to an “overweight” rating and set a $43.00 target price for the company in a research report on Thursday, January 5th.

TopBuild Corp. Company Profile

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.

5 Day Chart for NYSE:BLD

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).

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