TopBuild Corp. (NYSE:BLD) Shares Sold by Concentric Capital Strategies LP

Concentric Capital Strategies LP lessened its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 36.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,317 shares of the construction company's stock after selling 4,134 shares during the quarter. Concentric Capital Strategies LP's holdings in TopBuild were worth $2,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. purchased a new stake in TopBuild in the 3rd quarter worth $114,220,000. FMR LLC lifted its position in shares of TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after buying an additional 161,743 shares in the last quarter. Jennison Associates LLC boosted its stake in TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company's stock valued at $46,389,000 after buying an additional 110,143 shares during the last quarter. Natixis Advisors LLC purchased a new position in TopBuild during the 3rd quarter valued at approximately $41,981,000. Finally, Liontrust Investment Partners LLP increased its stake in TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock worth $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Trading Up 0.3 %

Shares of BLD traded up $1.31 during mid-day trading on Tuesday, reaching $390.72. 45,737 shares of the company's stock traded hands, compared to its average volume of 287,415. TopBuild Corp. has a 12 month low of $305.00 and a 12 month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a market cap of $11.53 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.46 and a beta of 1.79. The stock's 50-day moving average is $380.92 and its two-hundred day moving average is $395.12.

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

Analyst Upgrades and Downgrades

BLD has been the subject of a number of research reports. Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research report on Wednesday, November 6th. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group reduced their target price on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Truist Financial lowered their price target on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, TopBuild currently has an average rating of "Moderate Buy" and a consensus target price of $440.44.

TopBuild Company 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.