Advantage Alpha Capital Partners LP Lowers Stock Position in TopBuild Corp. (NYSE:BLD)

Advantage Alpha Capital Partners LP reduced its position in TopBuild Corp. (NYSE:BLD) by 20.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,793 shares of the construction company’s stock after selling 3,607 shares during the period. TopBuild accounts for about 1.3% of Advantage Alpha Capital Partners LP’s holdings, making the stock its 28th largest holding. Advantage Alpha Capital Partners LP’s holdings in TopBuild were worth $5,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLD. FMR LLC raised its holdings in TopBuild by 9.7% in the third 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 during the period. Bank of Montreal Can raised its position in shares of TopBuild by 72.0% in 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 in the last quarter. Private Trust Co. NA raised its holdings in TopBuild by 151.4% in the third 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 in the last quarter. Truvestments Capital LLC raised its stake in shares of TopBuild by 14.0% in the 3rd quarter. Truvestments Capital LLC now owns 1,421 shares of the construction company’s stock valued at $578,000 after purchasing an additional 174 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in TopBuild by 79.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 999 shares of the construction company’s stock worth $406,000 after buying an additional 441 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

NYSE BLD opened at $406.67 on Tuesday. TopBuild Corp. has a 1 year low of $292.20 and a 1 year high of $495.68. The stock’s 50-day moving average price is $382.64 and its two-hundred day moving average price is $396.04. 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 market cap of $12.00 billion, a PE ratio of 20.52, a PEG ratio of 2.35 and a beta of 1.79.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $5.43 earnings per share. On average, analysts predict that TopBuild Corp. will post 20.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLD. Truist Financial reduced their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Stephens reduced their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Evercore ISI decreased 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. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, DA Davidson reduced their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price 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.