First Sabrepoint Capital Management LP Sells 2,300 Shares of TopBuild Corp. (NYSE:BLD)

First Sabrepoint Capital Management LP cut its holdings in TopBuild Corp. (NYSE:BLD) by 17.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,200 shares of the construction company’s stock after selling 2,300 shares during the quarter. TopBuild makes up 1.3% of First Sabrepoint Capital Management LP’s holdings, making the stock its 26th biggest holding. First Sabrepoint Capital Management LP’s holdings in TopBuild were worth $4,556,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vestcor Inc boosted its holdings in shares of TopBuild by 17.0% during the 3rd quarter. Vestcor Inc now owns 2,293 shares of the construction company’s stock valued at $933,000 after acquiring an additional 334 shares in the last quarter. PYA Waltman Capital LLC bought a new stake in shares of TopBuild during the third quarter worth about $1,591,000. Public Employees Retirement System of Ohio boosted its position in TopBuild by 6.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,910 shares of the construction company’s stock worth $7,693,000 after buying an additional 1,137 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of TopBuild by 281.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 381 shares of the construction company’s stock worth $155,000 after purchasing an additional 281 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of TopBuild in the 3rd quarter valued at about $413,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $380.00 on Tuesday. The firm has a 50 day simple moving average of $378.70 and a two-hundred day simple moving average of $394.33. TopBuild Corp. has a one year low of $317.72 and a one year high of $495.68. 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 stock has a market cap of $11.21 billion, a PE ratio of 19.17, a P/E/G ratio of 2.37 and a beta of 1.79.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BLD. Evercore ISI lowered their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, DA Davidson decreased their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and an average price target of $440.44.

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.