D. E. Shaw & Co. Inc. Acquires 1,109 Shares of TopBuild Corp. (NYSE:BLD)

D. E. Shaw & Co. Inc. lifted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 97.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,243 shares of the construction company's stock after acquiring an additional 1,109 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in TopBuild were worth $698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BLD. 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 purchasing an additional 42 shares in the last quarter. R Squared Ltd purchased a new stake in TopBuild during the 4th quarter worth about $72,000. Blue Trust Inc. lifted its holdings in TopBuild by 18.0% during the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock worth $137,000 after purchasing an additional 67 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in TopBuild during the 4th quarter worth about $159,000. Finally, Aristeia Capital L.L.C. purchased a new stake in TopBuild during the 4th quarter worth about $215,000. Institutional investors own 95.67% of the company's stock.

Analyst Ratings Changes

BLD has been the topic of a number of recent research reports. Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Truist Financial lowered their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. DA Davidson lowered their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen cut TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and an average price target of $380.22.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider now directly owns 7,007 shares in the company, valued at $2,179,036.86. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

TopBuild Price Performance

Shares of NYSE BLD traded up $8.21 during trading hours on Tuesday, reaching $287.86. 273,381 shares of the stock traded hands, compared to its average volume of 314,749. The company has a market capitalization of $8.23 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. 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 company's 50-day simple moving average is $294.70 and its two-hundred day simple moving average is $320.69.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data 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 return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period last year, the firm posted $4.81 EPS. TopBuild's revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current 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.