Cubist Systematic Strategies LLC Increases Stock Position in TopBuild Corp. (NYSE:BLD)

Cubist Systematic Strategies LLC increased its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 4,981.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,243 shares of the construction company's stock after purchasing an additional 14,943 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.05% of TopBuild worth $4,746,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild during the 3rd quarter worth approximately $31,000. Winch Advisory Services LLC acquired a new stake in TopBuild during the 4th quarter worth approximately $26,000. V Square Quantitative Management LLC lifted its holdings in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after buying an additional 42 shares in the last quarter. R Squared Ltd acquired a new stake in TopBuild during the 4th quarter worth approximately $72,000. Finally, Trust Co. of Vermont lifted its holdings in TopBuild by 21.8% during the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock worth $96,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BLD. Loop Capital decreased their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Benchmark reduced their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. DA Davidson reduced their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Stephens reduced their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $380.22.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the sale, the insider now owns 7,007 shares of the company's stock, valued at $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.43% of the company's stock.

TopBuild Stock Performance

NYSE BLD traded down $8.24 during trading on Thursday, reaching $291.76. The company's stock had a trading volume of 115,443 shares, compared to its average volume of 314,023. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The business's fifty day moving average price is $296.88 and its 200-day moving average price is $325.49.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.81 earnings per share. As a group, analysts anticipate that TopBuild Corp. will post 20.97 EPS 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.