TopBuild Corp. (NYSE:BLD) Shares Sold by GSG Advisors LLC

GSG Advisors LLC cut its stake in TopBuild Corp. (NYSE:BLD) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 757 shares of the construction company’s stock after selling 46 shares during the quarter. GSG Advisors LLC’s holdings in TopBuild were worth $236,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Pitcairn Co. raised its stake in shares of TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after buying an additional 1,422 shares during the period. TT International Asset Management LTD raised its stake in TopBuild by 33.3% in the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after purchasing an additional 4,694 shares during the last quarter. Icon Wealth Advisors LLC lifted its holdings in TopBuild by 704.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after purchasing an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in TopBuild by 37.3% in 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 purchasing an additional 48,562 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in TopBuild by 72.0% during the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after purchasing an additional 4,703 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BLD shares. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. DA Davidson decreased their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group lowered their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Stock Up 0.5 %

TopBuild stock opened at $314.88 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a 50 day moving average price of $348.26 and a 200 day moving average price of $380.15. TopBuild Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68. The company has a market capitalization of $9.29 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.31 and a beta of 1.84.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share 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 analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $5.43 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. Research analysts expect that TopBuild Corp. will post 20.95 earnings per share for the current year.

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.