Algert Global LLC Trims Stake in TopBuild Corp. (NYSE:BLD)

Algert Global LLC lowered its holdings in TopBuild Corp. (NYSE:BLD) by 56.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,144 shares of the construction company’s stock after selling 5,270 shares during the period. Algert Global LLC’s holdings in TopBuild were worth $1,686,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC increased its position in shares of TopBuild by 369.7% in the third quarter. Cerity Partners LLC now owns 6,900 shares of the construction company’s stock worth $2,807,000 after purchasing an additional 5,431 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in TopBuild by 704.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock worth $933,000 after buying an additional 2,008 shares in the last quarter. Citigroup Inc. grew its stake in TopBuild by 41.7% in the 3rd quarter. Citigroup Inc. now owns 30,877 shares of the construction company’s stock worth $12,561,000 after buying an additional 9,087 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of TopBuild by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock worth $94,955,000 after buying an additional 5,982 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised 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 buying an additional 48,562 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

Shares of NYSE:BLD opened at $390.00 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $382.34 and a 200-day moving average price of $395.86. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 2.56 and a beta of 1.79. TopBuild Corp. has a 12 month low of $292.20 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company posted $5.43 EPS. TopBuild’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that TopBuild Corp. will post 20.99 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.