Alliancebernstein L.P. Lowers Stock Position in TopBuild Corp. (NYSE:BLD)

Alliancebernstein L.P. reduced its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 40.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,151 shares of the construction company's stock after selling 167,872 shares during the period. Alliancebernstein L.P. owned approximately 0.84% of TopBuild worth $77,259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLD. Wilmington Savings Fund Society FSB acquired a new position in shares of TopBuild during the 3rd quarter worth $31,000. Winch Advisory Services LLC bought a new stake in shares of TopBuild during the 4th quarter valued at approximately $26,000. Versant Capital Management Inc increased its position in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Quantbot Technologies LP bought a new position in TopBuild in the 3rd quarter valued at approximately $45,000. Finally, V Square Quantitative Management LLC boosted its position in TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after buying an additional 42 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on BLD. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Loop Capital lowered their price objective on TopBuild from $405.00 to $390.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and decreased their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, Benchmark reduced their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $398.56.

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TopBuild Trading Up 2.2 %

Shares of TopBuild stock traded up $6.21 on Tuesday, hitting $293.33. 93,300 shares of the company's stock traded hands, compared to its average volume of 338,596. The company has a fifty day moving average of $313.63 and a two-hundred day moving average of $345.10. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a one year low of $272.23 and a one year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $4.69 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

TopBuild Profile

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.