Point72 Asia Singapore Pte. Ltd. reduced its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 46.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,541 shares of the construction company's stock after selling 2,248 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in TopBuild were worth $791,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Winch Advisory Services LLC purchased a new stake in shares of TopBuild in the 4th quarter valued at approximately $26,000. V Square Quantitative Management LLC grew its stake in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares in the last quarter. R Squared Ltd purchased a new position in TopBuild in the fourth quarter valued at $72,000. Trust Co. of Vermont increased its holdings in 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 buying an additional 55 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in TopBuild by 18.0% in 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 in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on BLD shares. Truist Financial dropped their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. StockNews.com cut shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Benchmark dropped their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research report on Monday, March 3rd. Loop Capital reduced their price target on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Stephens decreased their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, TopBuild has an average rating of "Moderate Buy" and an average price target of $380.22.
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TopBuild Stock Performance
TopBuild stock traded down $11.17 during midday trading on Wednesday, hitting $280.06. 84,469 shares of the company's stock were exchanged, compared to its average volume of 312,915. 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 cap of $8.01 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68. The firm's 50 day simple moving average is $296.49 and its 200 day simple moving average is $323.56.
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 (EPS) for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.81 EPS. Equities research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.
Insider Transactions at TopBuild
In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now directly owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.43% of the company's stock.
About TopBuild
(
Free Report)
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.
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