Sanctuary Advisors LLC Has $987,000 Stock Holdings in TopBuild Corp. (NYSE:BLD)

Sanctuary Advisors LLC lowered its stake in TopBuild Corp. (NYSE:BLD) by 46.3% during the third quarter, according to the company in its most recent Form 13F filing with the 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BLD. Anchor Investment Management LLC raised its position in TopBuild by 10.3% during the third quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock worth $361,000 after acquiring an additional 83 shares in the last quarter. Fortem Financial Group LLC boosted its holdings in shares of TopBuild by 450.8% during the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company’s stock worth $2,129,000 after acquiring an additional 4,283 shares during the period. TT International Asset Management LTD grew its position in shares of TopBuild by 199.5% in the third quarter. TT International Asset Management LTD now owns 14,087 shares of the construction company’s stock valued at $5,730,000 after purchasing an additional 9,383 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of TopBuild by 5.6% during the third quarter. Coldstream Capital Management Inc. now owns 1,928 shares of the construction company’s stock worth $783,000 after purchasing an additional 103 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in TopBuild by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after purchasing an additional 12,909 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

TopBuild Stock Performance

NYSE:BLD opened at $310.28 on Monday. 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 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 Corp. has a twelve month low of $305.79 and a twelve month high of $495.68. The stock’s 50-day simple moving average is $369.09 and its 200 day simple moving average is $390.10.

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, beating the consensus estimate 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 in the previous year, the firm posted $5.43 EPS. On average, analysts anticipate that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

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.