Pictet Asset Management Holding Reduces $8M in TopBuild Corp. ($BLD)
Key Points
- Pictet Asset Management Holding changed its TopBuild Corp. ($BLD) stake by 2.7% last quarter, cutting to 677,889 shares worth $277.83 million.
- Wall Street's consensus rating on $BLD is Buy and an average price target of $473.80.
- $BLD last traded around $409.84.
Pictet Asset Management Holding trimmed its position in TopBuild Corp. ($BLD) by 2.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 677,889 shares of TopBuild Corp. after selling 19,158 shares during the quarter. Pictet Asset Management Holding's holdings in TopBuild Corp. were worth $277.83 million as of its most recent filing.
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About TopBuild Corp.
TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products. The company also offers insulation installation services for fiberglass batts and rolls, blown-in loose fill fiberglass, polyurethane spray foam, and blown-in loose fill cellulose applications; provides roofing installation services, re-roofing and maintenance for the commercial and industrial end markets including single ply roofing, built-up roofing systems, and metal roofing systems. In addition, it distributes building and mechanical insulation, insulation accessories, and other building product materials for the residential, commercial, and industrial end markets. The company serves single-family homebuilders, single-family custom builders, multi-family builders, commercial and industrial general contractors, school districts, municipalities, remodelers, and individual homeowners, as well as insulation contractors, gutter contractors, weatherization contractors, other contractors, dealers, metal building erectors, and modular home builders. It operates installation branches and distribution centers in the United States and Canada. The company was formerly known as Masco SpinCo Corp. and changed its name to TopBuild Corp. in March 2015. TopBuild Corp. was incorporated in 2015 and is headquartered in Daytona Beach, Florida.
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