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

Centiva Capital LP cut its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 26.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,114 shares of the construction company's stock after selling 1,490 shares during the quarter. Centiva Capital LP's holdings in TopBuild were worth $1,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild during the 2nd quarter valued at about $30,000. Quantbot Technologies LP purchased a new position in TopBuild during the 3rd quarter valued at about $45,000. Kennebec Savings Bank purchased a new position in TopBuild during the 3rd quarter valued at about $45,000. UMB Bank n.a. boosted its holdings in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock valued at $54,000 after acquiring an additional 62 shares during the period. Finally, Private Trust Co. NA boosted its holdings in TopBuild by 151.4% during the 3rd quarter. Private Trust Co. NA now owns 176 shares of the construction company's stock valued at $72,000 after acquiring an additional 106 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BLD shares. Jefferies Financial Group decreased 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. Evercore ISI cut their target price on TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 6th. Truist Financial cut their target price on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Finally, Stephens cut their price target on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $440.44.

TopBuild Price Performance

BLD traded down $6.59 during trading on Wednesday, reaching $386.10. 301,797 shares of the stock were exchanged, compared to its average volume of 288,097. The business's 50 day moving average price is $380.66 and its two-hundred day moving average price is $395.04. 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 company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 2.45 and a beta of 1.79. TopBuild Corp. has a 1 year low of $308.01 and a 1 year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts' consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion during 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 for the quarter was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that TopBuild Corp. will post 20.99 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.