Tidal Investments LLC Decreases Stock Holdings in TopBuild Corp. (NYSE:BLD)

Tidal Investments LLC lessened its holdings in TopBuild Corp. (NYSE:BLD) by 21.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,216 shares of the construction company’s stock after selling 612 shares during the quarter. Tidal Investments LLC’s holdings in TopBuild were worth $901,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BLD. CIBC Asset Management Inc boosted its position in shares of TopBuild by 3.5% during the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after acquiring an additional 30 shares in the last quarter. Fifth Third Bancorp boosted its holdings in 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 purchasing an additional 31 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in TopBuild by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock valued at $712,000 after purchasing an additional 31 shares during the last quarter. TFG Advisers LLC raised its holdings in TopBuild by 1.1% during the third quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock worth $1,210,000 after purchasing an additional 31 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of TopBuild by 2.0% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,717 shares of the construction company’s stock worth $662,000 after buying an additional 33 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 research analysts recently commented on the stock. DA Davidson dropped their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and cut their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Jefferies Financial Group reduced their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $439.38.

TopBuild Price Performance

TopBuild stock opened at $310.28 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The business has a 50 day simple moving average of $370.61 and a 200-day simple moving average of $390.84. TopBuild Corp. has a 12 month low of $305.79 and a 12 month high of $495.68. The stock has a market capitalization of $9.15 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $5.43 EPS. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts predict 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.