TopBuild Corp. (NYSE:BLD) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 54.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,546 shares of the construction company's stock after selling 49,575 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.14% of TopBuild worth $12,935,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC lifted its holdings in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after purchasing an additional 42 shares during the last quarter. R Squared Ltd purchased a new stake in shares of TopBuild in the 4th quarter valued at about $72,000. Trust Co. of Vermont lifted its holdings in shares of TopBuild by 21.8% in the 4th quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after purchasing an additional 55 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of TopBuild by 18.0% in the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after purchasing an additional 67 shares during the last quarter. Finally, Avior Wealth Management LLC purchased a new stake in shares of TopBuild in the 4th quarter valued at about $159,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insiders Place Their Bets

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.43% of the stock is currently owned by company insiders.

TopBuild Stock Down 0.4%

Shares of NYSE:BLD traded down $1.10 during midday trading on Friday, hitting $279.65. 174,596 shares of the company's stock traded hands, compared to its average volume of 314,253. 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 company has a market cap of $7.99 billion, a PE ratio of 14.11, a P/E/G ratio of 1.82 and a beta of 1.72. The firm's fifty day moving average price is $295.24 and its two-hundred day moving average price is $322.01. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.20. The business 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%. The business's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.81 EPS. On average, equities research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.