Sanctuary Advisors LLC Sells 2,277 Shares of TopBuild Corp. (NYSE:BLD)

Sanctuary Advisors LLC trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 46.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,645 shares of the construction company's stock after selling 2,277 shares during the period. Sanctuary Advisors LLC's holdings in TopBuild were worth $987,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BLD. Pitcairn Co. grew its holdings in shares of TopBuild by 178.2% in the third 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. Icon Wealth Advisors LLC grew its stake in shares of TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock valued at $933,000 after purchasing an additional 2,008 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after purchasing an additional 48,562 shares during the last quarter. Bank of Montreal Can increased its position in shares of TopBuild by 72.0% during the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company's stock valued at $4,600,000 after purchasing an additional 4,703 shares during the last quarter. Finally, Fortem Financial Group LLC lifted its stake in shares of TopBuild by 450.8% in the 3rd quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company's stock worth $2,129,000 after purchasing an additional 4,283 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. DA Davidson reduced their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Jefferies Financial Group cut their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and reduced their price objective for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $439.38.

TopBuild Trading Up 0.5 %

Shares of NYSE BLD traded up $1.56 during trading hours on Monday, hitting $311.84. 323,529 shares of the company traded hands, compared to its average volume of 292,977. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company's 50 day moving average price is $369.09 and its 200 day moving average price is $389.93. TopBuild Corp. has a 12 month low of $304.20 and a 12 month high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last released 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. 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 analyst estimates of $1.39 billion. During the same quarter last year, the business earned $5.43 EPS. The business's revenue was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

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.