Two Sigma Investments LP Grows Stock Holdings in TopBuild Corp. (NYSE:BLD)

Two Sigma Investments LP lifted its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 192.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,367 shares of the construction company's stock after acquiring an additional 11,434 shares during the quarter. Two Sigma Investments LP owned approximately 0.06% of TopBuild worth $5,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLD. Tidal Investments LLC lifted its position in shares of TopBuild by 114.9% in the 4th quarter. Tidal Investments LLC now owns 4,762 shares of the construction company's stock worth $1,483,000 after purchasing an additional 2,546 shares during the period. Toronto Dominion Bank raised its stake in TopBuild by 62.8% in the fourth quarter. Toronto Dominion Bank now owns 3,436 shares of the construction company's stock worth $1,069,000 after buying an additional 1,326 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after buying an additional 33 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in shares of TopBuild in the 4th quarter valued at approximately $570,000. Finally, Rafferty Asset Management LLC boosted its position in shares of TopBuild by 45.7% during the fourth quarter. Rafferty Asset Management LLC now owns 20,498 shares of the construction company's stock valued at $6,382,000 after purchasing an additional 6,433 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Insiders Place Their Bets

In other news, insider Steven P. Raia sold 1,738 shares of TopBuild 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 sale, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BLD has been the subject of several recent research reports. Loop Capital lowered their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Truist Financial dropped their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Benchmark reduced their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. DA Davidson dropped their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Stephens dropped their target price 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $380.22.

TopBuild Stock Performance

Shares of NYSE BLD traded up $0.30 during midday trading on Friday, hitting $282.84. 326,935 shares of the company's stock traded hands, compared to its average volume of 329,504. The firm has a fifty day moving average of $293.25 and a 200 day moving average of $319.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last posted 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. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $4.81 EPS. On average, analysts forecast 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.