Squarepoint Ops LLC Increases Stock Position in TopBuild Corp. (NYSE:BLD)

Squarepoint Ops LLC increased its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 47.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,961 shares of the construction company's stock after buying an additional 3,859 shares during the quarter. Squarepoint Ops LLC's holdings in TopBuild were worth $3,724,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. V Square Quantitative Management LLC raised its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after buying an additional 42 shares during the period. R Squared Ltd purchased a new stake in TopBuild in the fourth quarter valued at $72,000. Raiffeisen Bank International AG purchased a new stake in TopBuild in the fourth quarter valued at $81,000. Blue Trust Inc. raised its holdings in 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 buying an additional 67 shares during the period. Finally, Avior Wealth Management LLC purchased a new stake in shares of TopBuild in the 4th quarter valued at approximately $159,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Insider Activity at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction on Monday, May 12th. The stock was 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 of the company's stock, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. DA Davidson cut their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Loop Capital cut their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Truist Financial cut their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Stephens cut their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $380.22.

TopBuild Stock Up 0.8%

NYSE BLD traded up $2.36 during trading hours on Thursday, hitting $281.58. 309,198 shares of the company were exchanged, compared to its average volume of 315,491. The company has a 50 day moving average of $293.94 and a two-hundred day moving average of $320.18. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $4.81 earnings per share. The business's quarterly revenue was down 3.6% compared to the same quarter last year. Equities research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current 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.