Point72 Asset Management L.P. Sells 49,575 Shares of TopBuild Corp. (NYSE:BLD)

Point72 Asset Management L.P. reduced its position in TopBuild Corp. (NYSE:BLD - Free Report) by 54.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,546 shares of the construction company's stock after selling 49,575 shares during the period. Point72 Asset Management L.P. owned about 0.14% of TopBuild worth $12,935,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Capital Research Global Investors lifted its position in TopBuild by 1.4% during the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company's stock worth $943,050,000 after acquiring an additional 41,047 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company's stock worth $271,331,000 after acquiring an additional 40,916 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in TopBuild by 779.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after acquiring an additional 535,478 shares during the last quarter. Invesco Ltd. lifted its position in TopBuild by 14.6% during the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock worth $185,353,000 after acquiring an additional 75,713 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in TopBuild by 5.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company's stock worth $150,053,000 after acquiring an additional 23,428 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the transaction, the insider now directly owns 7,007 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

BLD has been the subject of several research reports. Benchmark cut 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Wall Street Zen downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Stephens dropped their price target 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, Truist Financial dropped their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $380.22.

TopBuild Price Performance

Shares of NYSE BLD traded down $1.10 during midday trading on Friday, reaching $279.65. The company's stock had a trading volume of 174,596 shares, compared to its average volume of 314,915. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The business's 50 day moving average price is $295.24 and its two-hundred day moving average price is $321.67. The company has a market cap of $7.99 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $4.81 earnings per share. The firm's quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts forecast 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.