Millennium Management LLC Acquires 92,187 Shares of TopBuild Corp. (NYSE:BLD)

Millennium Management LLC boosted its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 63.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 237,646 shares of the construction company's stock after buying an additional 92,187 shares during the quarter. Millennium Management LLC owned approximately 0.81% of TopBuild worth $73,989,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BLD. Winch Advisory Services LLC bought a new position in shares of TopBuild during the fourth quarter valued at about $26,000. V Square Quantitative Management LLC lifted 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 worth $37,000 after buying an additional 42 shares in the last quarter. R Squared Ltd purchased a new position in shares of TopBuild in the 4th quarter worth approximately $72,000. Trust Co. of Vermont grew its holdings in shares of TopBuild by 21.8% in the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after acquiring an additional 55 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of TopBuild by 18.0% during the fourth quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock valued at $137,000 after acquiring an additional 67 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the 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 sale, the insider now directly owns 7,007 shares of the company's stock, 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.43% of the company's stock.

TopBuild Stock Performance

Shares of BLD stock traded down $8.79 during trading on Monday, reaching $295.14. 176,633 shares of the company's stock traded hands, compared to its average volume of 314,128. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The company has a market capitalization of $8.44 billion, a P/E ratio of 14.89, a PEG ratio of 1.82 and a beta of 1.72. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm's 50-day moving average is $296.72 and its 200 day moving average is $324.20.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLD. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective for the company. Benchmark decreased their price objective 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. Loop Capital lowered their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Stephens reduced their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, StockNews.com cut shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $380.22.

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.