Millennium Management LLC Boosts Holdings in TopBuild Corp. (NYSE:BLD)

Millennium Management LLC boosted its position in TopBuild Corp. (NYSE:BLD - Free Report) by 63.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 237,646 shares of the construction company's stock after purchasing an additional 92,187 shares during the period. Millennium Management LLC owned about 0.81% of TopBuild worth $73,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new stake in shares of TopBuild during the fourth quarter valued at approximately $26,000. V Square Quantitative Management LLC increased 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 valued at $37,000 after purchasing an additional 42 shares during the last quarter. R Squared Ltd bought a new stake in shares of TopBuild during the 4th quarter worth $72,000. Trust Co. of Vermont grew its position in TopBuild by 21.8% during the fourth quarter. Trust Co. of Vermont now owns 307 shares of the construction company's stock valued at $96,000 after buying an additional 55 shares during the period. Finally, Blue Trust Inc. grew its position in 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 buying an additional 67 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BLD shares. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. DA Davidson dropped their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Loop Capital reduced their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Benchmark cut their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $380.22.

Insiders Place Their Bets

In related news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction dated 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 owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by insiders.

TopBuild Price Performance

BLD stock traded down $5.68 during mid-day trading on Wednesday, hitting $285.55. 50,116 shares of the stock were exchanged, compared to its average volume of 312,766. 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 stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.82 and a beta of 1.72. The business has a fifty day moving average price of $296.49 and a 200 day moving average price of $323.56. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.20. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.81 earnings per share. On average, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS 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.