XTX Topco Ltd Lowers Holdings in TopBuild Corp. (NYSE:BLD)

XTX Topco Ltd lowered its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 41.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,422 shares of the construction company's stock after selling 1,719 shares during the period. XTX Topco Ltd's holdings in TopBuild were worth $985,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in TopBuild in the second quarter valued at approximately $30,000. Quantbot Technologies LP bought a new position in TopBuild in the third quarter valued at about $45,000. Kennebec Savings Bank acquired a new position in TopBuild during the third quarter worth about $45,000. UMB Bank n.a. raised its stake in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after acquiring an additional 62 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of TopBuild by 151.4% in the 3rd quarter. Private Trust Co. NA now owns 176 shares of the construction company's stock valued at $72,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of NYSE BLD traded down $0.49 during midday trading on Wednesday, hitting $366.15. 223,524 shares of the company's stock traded hands, compared to its average volume of 287,510. The firm has a fifty day moving average of $377.88 and a 200 day moving average of $394.03. The stock has a market capitalization of $10.80 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 2.37 and a beta of 1.79. TopBuild Corp. has a 1 year low of $317.72 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD - Get Free Report) last issued 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 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 analysts' expectations of $1.39 billion. During the same period in the previous year, the firm posted $5.43 earnings per share. The business's revenue was up 3.6% compared to the same quarter last year. On average, analysts forecast that TopBuild Corp. will post 20.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BLD. DA Davidson dropped 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 upgraded TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Jefferies Financial Group reduced their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Finally, Evercore ISI dropped 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.