Sanctuary Advisors LLC Sells 2,277 Shares of TopBuild Corp. (NYSE:BLD)

Sanctuary Advisors LLC lessened its holdings in TopBuild Corp. (NYSE:BLD) by 46.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,645 shares of the construction company’s stock after selling 2,277 shares during the quarter. Sanctuary Advisors LLC’s holdings in TopBuild were worth $987,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. CIBC Asset Management Inc raised its stake in shares of TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after acquiring an additional 30 shares during the last quarter. Hanseatic Management Services Inc. raised its position in TopBuild by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after purchasing an additional 31 shares during the last quarter. Fifth Third Bancorp lifted its holdings in TopBuild by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after buying an additional 31 shares during the period. TFG Advisers LLC grew its position in shares of TopBuild by 1.1% in the 3rd quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock valued at $1,210,000 after buying an additional 31 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of TopBuild by 2.0% in the second quarter. Arkadios Wealth Advisors now owns 1,717 shares of the construction company’s stock valued at $662,000 after buying an additional 33 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Trading Up 0.4 %

Shares of TopBuild stock opened at $310.28 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $369.09 and a 200 day simple moving average of $390.10. TopBuild Corp. has a 12-month low of $305.79 and a 12-month high of $495.68. The company has a market capitalization of $9.15 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Jefferies Financial Group lowered 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 report on Tuesday, October 29th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, DA Davidson reduced their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $439.38.

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.