TopBuild Corp. (NYSE:BLD) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its position in TopBuild Corp. (NYSE:BLD - Free Report) by 97.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,243 shares of the construction company's stock after buying an additional 1,109 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in TopBuild were worth $698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of TopBuild by 57.8% during the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock valued at $10,160,000 after purchasing an additional 11,948 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of TopBuild by 18.4% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company's stock valued at $11,052,000 after acquiring an additional 5,517 shares during the period. SG Americas Securities LLC boosted its holdings in shares of TopBuild by 430.2% during the fourth quarter. SG Americas Securities LLC now owns 3,070 shares of the construction company's stock worth $956,000 after purchasing an additional 2,491 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of TopBuild by 28.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,545 shares of the construction company's stock worth $4,528,000 after purchasing an additional 3,260 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in TopBuild by 22.8% during the 4th quarter. Park Avenue Securities LLC now owns 1,070 shares of the construction company's stock valued at $333,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BLD shares. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target on the stock. Benchmark decreased their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Stephens dropped their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, DA Davidson dropped their target price 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. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $380.22.

TopBuild Stock Down 2.6%

Shares of BLD stock traded down $7.39 during trading hours on Wednesday, reaching $280.86. 236,791 shares of the company's stock were exchanged, compared to its average volume of 314,627. The stock's 50 day moving average is $294.32 and its 200-day moving average is $320.46. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 14.19, a P/E/G 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 EPS for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.81 earnings per share. Analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Activity

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the company's 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 completion of the transaction, the insider now owns 7,007 shares in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.43% of the company's stock.

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.