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

Tidal Investments LLC cut its stake in TopBuild Corp. (NYSE:BLD) by 21.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,216 shares of the construction company’s stock after selling 612 shares during the period. Tidal Investments LLC’s holdings in TopBuild were worth $901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in BLD. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild during the third quarter worth about $31,000. World Investment Advisors LLC acquired a new stake in shares of TopBuild during the 3rd quarter worth approximately $54,000. Anchor Investment Management LLC raised its position in shares of TopBuild by 10.3% during the 3rd quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock valued at $361,000 after buying an additional 83 shares during the period. Fortem Financial Group LLC lifted its holdings in TopBuild by 450.8% in the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company’s stock valued at $2,129,000 after acquiring an additional 4,283 shares during the last quarter. Finally, TT International Asset Management LTD grew its position in TopBuild by 199.5% in the third quarter. TT International Asset Management LTD now owns 14,087 shares of the construction company’s stock worth $5,730,000 after acquiring an additional 9,383 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. DA Davidson reduced their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Price Performance

Shares of BLD opened at $310.28 on Friday. The company has a market cap of $9.15 billion, a P/E ratio of 15.65, a PEG ratio of 2.31 and a beta of 1.79. TopBuild Corp. has a fifty-two week low of $305.79 and a fifty-two week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm’s 50 day moving average price is $370.61 and its 200 day moving average price is $390.84.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.43 earnings per share. On average, research analysts forecast that TopBuild Corp. will post 20.95 earnings per share for the current fiscal 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.