Advantage Alpha Capital Partners LP Cuts Holdings in TopBuild Corp. (NYSE:BLD)

Advantage Alpha Capital Partners LP reduced its holdings in TopBuild Corp. (NYSE:BLD) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,793 shares of the construction company’s stock after selling 3,607 shares during the quarter. TopBuild comprises 1.3% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 28th biggest holding. Advantage Alpha Capital Partners LP’s holdings in TopBuild were worth $5,611,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BLD. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild during the 2nd quarter worth $30,000. Kennebec Savings Bank purchased a new stake in TopBuild during the third quarter worth about $45,000. UMB Bank n.a. boosted its holdings 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 buying an additional 62 shares in the last quarter. Private Trust Co. NA grew its position in TopBuild by 151.4% during the third quarter. Private Trust Co. NA now owns 176 shares of the construction company’s stock worth $72,000 after buying an additional 106 shares during the period. Finally, Blue Trust Inc. increased its holdings in TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock valued at $113,000 after buying an additional 63 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Performance

Shares of BLD opened at $406.67 on Tuesday. The company has a market capitalization of $12.00 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.35 and a beta of 1.79. 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 Corp. has a 1 year low of $292.20 and a 1 year high of $495.68. The company’s 50 day simple moving average is $382.64 and its 200 day simple moving average is $396.04.

TopBuild (NYSE:BLD) last posted its quarterly earnings data 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. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.43 earnings per share. On average, sell-side analysts predict that TopBuild Corp. will post 20.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BLD. Evercore ISI lowered their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Stephens lowered their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, Truist Financial cut their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $440.44.

About TopBuild

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.