First Sabrepoint Capital Management LP lowered its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 17.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,200 shares of the construction company's stock after selling 2,300 shares during the period. TopBuild makes up 1.3% of First Sabrepoint Capital Management LP's investment portfolio, making the stock its 26th largest position. First Sabrepoint Capital Management LP's holdings in TopBuild were worth $4,556,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. bought a new stake in TopBuild during the third quarter valued at approximately $114,220,000. FMR LLC raised its position in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock valued at $744,663,000 after buying an additional 161,743 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company's stock worth $46,389,000 after acquiring an additional 110,143 shares during the last quarter. Natixis Advisors LLC purchased a new position in TopBuild in the third quarter worth $41,981,000. Finally, Liontrust Investment Partners LLP increased its stake in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock valued at $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on BLD. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. DA Davidson dropped their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group reduced 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. Finally, Evercore ISI lowered their price objective on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. 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.com, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $440.44.
View Our Latest Stock Report on TopBuild
TopBuild Trading Down 3.3 %
BLD traded down $12.61 during trading on Tuesday, hitting $367.39. 163,524 shares of the stock traded hands, compared to its average volume of 287,296. The firm has a market capitalization of $10.84 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 2.37 and a beta of 1.79. TopBuild Corp. has a 12-month low of $317.72 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 firm has a 50-day moving average of $378.70 and a 200 day moving average of $394.33.
TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $5.43 earnings per share. Equities research analysts anticipate that TopBuild Corp. will post 20.95 EPS for the current year.
About TopBuild
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Free Report)
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.
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