Advantage Alpha Capital Partners LP Reduces Stock Position in TopBuild Corp. (NYSE:BLD)

Advantage Alpha Capital Partners LP cut its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,793 shares of the construction company's stock after selling 3,607 shares during the quarter. TopBuild accounts for 1.3% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 28th biggest holding. Advantage Alpha Capital Partners LP's holdings in TopBuild were worth $5,611,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in TopBuild by 6.1% in the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock valued at $5,493,000 after buying an additional 820 shares in the last quarter. Pitcairn Co. grew its holdings in shares of TopBuild by 178.2% in the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after acquiring an additional 1,422 shares during the period. DekaBank Deutsche Girozentrale increased its stake in TopBuild by 29.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company's stock valued at $56,489,000 after purchasing an additional 30,000 shares in the last quarter. River Global Investors LLP raised its holdings in TopBuild by 27.3% during the third quarter. River Global Investors LLP now owns 6,930 shares of the construction company's stock worth $2,818,000 after purchasing an additional 1,485 shares during the last quarter. Finally, Icon Wealth Advisors LLC boosted its position in TopBuild by 704.6% during the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock worth $933,000 after purchasing an additional 2,008 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Trading Down 4.6 %

Shares of TopBuild stock traded down $18.70 during trading hours on Tuesday, reaching $387.95. 377,095 shares of the company's stock were exchanged, compared to its average volume of 289,626. TopBuild Corp. has a 52-week low of $292.20 and a 52-week high of $495.68. The company has a fifty day moving average of $382.64 and a 200-day moving average of $396.04. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $11.45 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 2.35 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business posted $5.43 earnings per share. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that TopBuild Corp. will post 20.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on BLD. DA Davidson cut their price target on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Jefferies Financial Group lowered their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Truist Financial cut their price objective on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Finally, Stephens lowered their target price on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $440.44.

About TopBuild

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.