AlphaQuest LLC Has $280,000 Position in TopBuild Corp. (NYSE:BLD)

AlphaQuest LLC cut its position in TopBuild Corp. (NYSE:BLD) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 899 shares of the construction company’s stock after selling 106 shares during the quarter. AlphaQuest LLC’s holdings in TopBuild were worth $280,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in shares of TopBuild during the third quarter valued at $375,000. Victory Capital Management Inc. raised its position in TopBuild by 29.9% during the 3rd quarter. Victory Capital Management Inc. now owns 43,608 shares of the construction company’s stock worth $17,740,000 after purchasing an additional 10,050 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in TopBuild by 36.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 772 shares of the construction company’s stock worth $314,000 after buying an additional 206 shares during the period. Plato Investment Management Ltd grew its position in shares of TopBuild by 229.5% in the 3rd quarter. Plato Investment Management Ltd now owns 425 shares of the construction company’s stock valued at $173,000 after buying an additional 296 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of TopBuild by 13.3% in the third quarter. KBC Group NV now owns 2,167 shares of the construction company’s stock valued at $882,000 after buying an additional 254 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of TopBuild stock opened at $299.45 on Friday. The business has a 50-day simple moving average of $323.89 and a 200 day simple moving average of $354.01. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.82 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.69 earnings per share. On average, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Loop Capital reduced their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Truist Financial dropped their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Seaport Res Ptn downgraded 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 dropped their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $403.88.

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.