TopBuild Corp. (NYSE:BLD) Shares Sold by Centiva Capital LP

Centiva Capital LP lowered its stake in TopBuild Corp. (NYSE:BLD) by 26.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,114 shares of the construction company’s stock after selling 1,490 shares during the period. Centiva Capital LP’s holdings in TopBuild were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. raised its holdings in TopBuild by 321.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,789 shares of the construction company’s stock valued at $1,948,000 after acquiring an additional 3,652 shares in the last quarter. Edgestream Partners L.P. raised its holdings in shares of TopBuild by 86.5% in the 3rd quarter. Edgestream Partners L.P. now owns 14,197 shares of the construction company’s stock valued at $5,775,000 after purchasing an additional 6,583 shares in the last quarter. Icon Wealth Advisors LLC lifted its position in shares of TopBuild by 222.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 920 shares of the construction company’s stock worth $374,000 after purchasing an additional 635 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in TopBuild in the third quarter valued at $210,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TopBuild by 9.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,785 shares of the construction company’s stock valued at $4,387,000 after buying an additional 940 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

BLD has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Evercore ISI cut their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Stephens lowered their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Truist Financial cut their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild Trading Up 0.9 %

NYSE:BLD opened at $392.77 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $380.92 and a 200-day simple moving average of $395.12. TopBuild Corp. has a 52-week low of $305.00 and a 52-week high of $495.68. The company has a market capitalization of $11.59 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.45 and a beta of 1.79.

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, topping analysts’ consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $5.43 EPS. On average, equities research analysts expect that TopBuild Corp. will post 20.99 earnings per share for the current fiscal year.

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.