XTX Topco Ltd Sells 1,719 Shares of TopBuild Corp. (NYSE:BLD)

XTX Topco Ltd trimmed its position in shares of TopBuild Corp. (NYSE:BLD) by 41.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,422 shares of the construction company’s stock after selling 1,719 shares during the quarter. XTX Topco Ltd’s holdings in TopBuild were worth $985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLD. Cetera Investment Advisers increased its stake in TopBuild by 152.4% during the first quarter. Cetera Investment Advisers now owns 3,960 shares of the construction company’s stock valued at $1,745,000 after acquiring an additional 2,391 shares during the period. Cetera Advisors LLC bought a new position in TopBuild during the first quarter valued at about $413,000. SG Americas Securities LLC increased its stake in TopBuild by 30.1% during the second quarter. SG Americas Securities LLC now owns 2,227 shares of the construction company’s stock valued at $858,000 after acquiring an additional 515 shares during the period. Sequoia Financial Advisors LLC bought a new position in TopBuild during the second quarter valued at about $262,000. Finally, Assenagon Asset Management S.A. increased its stake in TopBuild by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after acquiring an additional 23 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Down 3.6 %

Shares of BLD opened at $366.19 on Wednesday. TopBuild Corp. has a 52 week low of $317.72 and a 52 week high of $495.68. 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 market capitalization of $10.80 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.37 and a beta of 1.79. The business’s fifty day moving average price is $377.88 and its two-hundred day moving average price is $394.03.

TopBuild (NYSE:BLD) last posted its quarterly earnings results 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company earned $5.43 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. On average, analysts predict that TopBuild Corp. will post 20.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BLD. Jefferies Financial Group lowered their price objective on 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 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. Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

TopBuild 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.