Quest Partners LLC Sells 2,416 Shares of TopBuild Corp. (NYSE:BLD)

Quest Partners LLC lessened its stake in shares of TopBuild Corp. (NYSE:BLD) by 70.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,005 shares of the construction company’s stock after selling 2,416 shares during the quarter. Quest Partners LLC’s holdings in TopBuild were worth $409,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BLD. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild during the 2nd quarter worth approximately $30,000. Kennebec Savings Bank bought a new position in TopBuild during the third quarter valued at $45,000. UMB Bank n.a. increased its position in TopBuild by 87.3% in 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 during the last quarter. Blue Trust Inc. raised its stake in shares of 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 during the period. Finally, Fifth Third Bancorp raised its stake in shares of TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after buying an additional 31 shares during the period. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BLD. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Truist Financial reduced their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group dropped their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. 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 note on Thursday, November 7th. Finally, Evercore ISI lowered their target price 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Trading Up 3.3 %

TopBuild stock opened at $373.05 on Monday. The firm’s fifty day moving average price is $382.34 and its 200-day moving average price is $396.05. TopBuild Corp. has a fifty-two week low of $291.98 and a fifty-two week high of $495.68. The stock has a market cap of $11.00 billion, a P/E ratio of 18.82, a PEG ratio of 2.28 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 (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 analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.43 EPS. Equities research analysts forecast 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.