Fiera Capital Corp Sells 2,749 Shares of TopBuild Corp. $BLD

Fiera Capital Corp lowered its position in shares of TopBuild Corp. (NYSE:BLD) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,077 shares of the construction company’s stock after selling 2,749 shares during the period. Fiera Capital Corp owned 0.45% of TopBuild worth $49,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in TopBuild by 48.2% during the 1st quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after buying an additional 837 shares during the period. Allianz Asset Management GmbH grew its stake in shares of TopBuild by 14.8% in the second quarter. Allianz Asset Management GmbH now owns 16,681 shares of the construction company’s stock valued at $5,400,000 after acquiring an additional 2,148 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in TopBuild during the second quarter worth about $189,000. Tributary Capital Management LLC raised its stake in TopBuild by 3.8% in the 2nd quarter. Tributary Capital Management LLC now owns 2,450 shares of the construction company’s stock worth $793,000 after purchasing an additional 89 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in TopBuild by 438.7% in the 2nd quarter. AlphaQuest LLC now owns 334 shares of the construction company’s stock valued at $108,000 after purchasing an additional 272 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Down 2.1%

BLD stock opened at $521.75 on Friday. The firm has a 50-day moving average price of $472.63 and a 200-day moving average price of $440.88. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $559.47. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $14.65 billion, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 8.75 and a beta of 1.70.

Insiders Place Their Bets

In other news, VP Luis Francisco Machado sold 1,000 shares of TopBuild stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the sale, the vice president directly owned 9,349 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 0.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BLD has been the topic of several recent research reports. Royal Bank Of Canada began coverage on shares of TopBuild in a report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 target price on the stock. Wells Fargo & Company raised their price objective on TopBuild from $540.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. DA Davidson reaffirmed a “buy” rating and issued a $485.00 price objective on shares of TopBuild in a report on Wednesday, December 10th. Benchmark increased their target price on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Jefferies Financial Group raised their price target on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $443.73.

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.