Channing Capital Management LLC Sells 8,774 Shares of TopBuild Corp. $BLD

Channing Capital Management LLC lowered its position in TopBuild Corp. (NYSE:BLD) by 34.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,042 shares of the construction company’s stock after selling 8,774 shares during the period. Channing Capital Management LLC owned approximately 0.06% of TopBuild worth $6,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of TopBuild during the 3rd quarter worth approximately $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in TopBuild in the 2nd quarter worth about $35,000. MAI Capital Management lifted its holdings in TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in TopBuild by 3,433.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after buying an additional 103 shares during the period. Finally, Smithfield Trust Co grew its stake in TopBuild by 58.6% in the 3rd quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after acquiring an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insider Buying and Selling

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the sale, the vice president directly owned 9,349 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by insiders.

TopBuild Stock Performance

BLD stock opened at $519.52 on Friday. TopBuild Corp. has a one year low of $266.26 and a one year high of $559.47. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 8.51 and a beta of 1.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. The firm has a 50-day simple moving average of $474.31 and a two-hundred day simple moving average of $442.03.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BLD. Evercore decreased 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 note on Wednesday, November 5th. Benchmark lifted their target price on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. DA Davidson reiterated a “buy” rating and issued a $485.00 target price on shares of TopBuild in a report on Wednesday, December 10th. 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. Finally, Jefferies Financial Group upped their price target on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $443.73.

TopBuild Company Profile

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.