Two Sigma Advisers LP Increases Holdings in TopBuild Corp. (NYSE:BLD)

Two Sigma Advisers LP boosted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 530.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,500 shares of the construction company's stock after buying an additional 12,200 shares during the quarter. Two Sigma Advisers LP's holdings in TopBuild were worth $4,514,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Snowden Capital Advisors LLC increased its position in shares of TopBuild by 2.5% during the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after acquiring an additional 33 shares during the period. Sheaff Brock Investment Advisors LLC increased its holdings in TopBuild by 0.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock worth $1,681,000 after purchasing an additional 40 shares during the period. V Square Quantitative Management LLC raised its position in 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 in the last quarter. CIBC Asset Management Inc boosted its stake in shares of TopBuild by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after buying an additional 48 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of TopBuild by 0.3% during the fourth quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock worth $5,678,000 after buying an additional 54 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Benchmark lowered their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. DA Davidson lowered their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Truist Financial cut their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Loop Capital decreased their price target on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, TopBuild presently has a consensus rating of "Moderate Buy" and an average price target of $380.22.

TopBuild Stock Performance

Shares of BLD stock traded down $2.14 during trading hours on Friday, hitting $280.40. The stock had a trading volume of 87,260 shares, compared to its average volume of 315,011. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market capitalization of $8.02 billion, a PE ratio of 14.15, a PEG ratio of 1.82 and a beta of 1.72. The stock's 50 day moving average is $293.25 and its 200 day moving average is $319.56. 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 issued its quarterly 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. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.81 EPS. As a group, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insider Buying and Selling at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the company'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 completion of the sale, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.43% of the company's stock.

TopBuild 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.