AlphaQuest LLC Sells 106 Shares of TopBuild Corp. (NYSE:BLD)

AlphaQuest LLC lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 10.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 899 shares of the construction company’s stock after selling 106 shares during the quarter. AlphaQuest LLC’s holdings in TopBuild were worth $280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild in the 3rd quarter worth $31,000. Winch Advisory Services LLC purchased a new position in TopBuild during the fourth quarter worth about $26,000. Versant Capital Management Inc grew its position in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Quantbot Technologies LP purchased a new stake in TopBuild in the 3rd quarter valued at about $45,000. Finally, V Square Quantitative Management LLC lifted its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Up 1.4 %

Shares of BLD stock opened at $299.45 on Friday. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68. The company’s fifty day simple moving average is $323.89 and its two-hundred day simple moving average is $354.01. 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 stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.69 EPS. As a group, analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on BLD. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Benchmark dropped their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Finally, Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.88.

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.