ABN Amro Investment Solutions Has $2.59 Million Stock Holdings in TopBuild Corp. $BLD

ABN Amro Investment Solutions decreased its position in TopBuild Corp. (NYSE:BLD) by 29.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,616 shares of the construction company’s stock after selling 2,724 shares during the quarter. ABN Amro Investment Solutions’ holdings in TopBuild were worth $2,586,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Inscription Capital LLC increased its holdings in shares of TopBuild by 104.6% in the third quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock valued at $1,153,000 after purchasing an additional 1,508 shares in the last quarter. Calamos Advisors LLC bought a new position in TopBuild in the 3rd quarter valued at $997,000. WCM Investment Management LLC bought a new position in TopBuild in the 3rd quarter valued at $17,734,000. Campbell & CO Investment Adviser LLC increased its stake in shares of TopBuild by 697.8% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock valued at $3,090,000 after buying an additional 6,915 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of TopBuild by 10.2% during the second quarter. Westwood Holdings Group Inc. now owns 302,416 shares of the construction company’s stock worth $97,904,000 after acquiring an additional 27,898 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

Shares of BLD opened at $550.81 on Monday. The stock has a market cap of $15.46 billion, a P/E ratio of 27.96, a price-to-earnings-growth ratio of 9.04 and a beta of 1.70. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $555.85. The stock’s 50-day moving average price is $464.40 and its two-hundred day moving average price is $437.20. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BLD. Royal Bank Of Canada assumed coverage on TopBuild in a research note on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price target on the stock. Vertical Research started coverage on shares of TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price on the stock. DA Davidson reaffirmed a “buy” rating and issued a $485.00 target price on shares of TopBuild in a research note on Wednesday, December 10th. Evercore lowered their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research report on Wednesday, November 5th. Finally, Benchmark boosted their price target on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $443.73.

Insiders Place Their Bets

In other news, VP Luis Francisco Machado sold 1,000 shares of TopBuild stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the transaction, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.43% of the company’s stock.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.