Point72 Asia Singapore Pte. Ltd. Sells 2,248 Shares of TopBuild Corp. (NYSE:BLD)

Point72 Asia Singapore Pte. Ltd. lowered its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 46.9% in the fourth 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of TopBuild by 57.8% in the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock valued at $10,160,000 after buying an additional 11,948 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in TopBuild by 51.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company's stock valued at $14,682,000 after acquiring an additional 16,090 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its position in shares of TopBuild by 18.4% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company's stock valued at $11,052,000 after acquiring an additional 5,517 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of TopBuild during the 4th quarter worth about $475,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of TopBuild by 28.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,545 shares of the construction company's stock valued at $4,528,000 after purchasing an additional 3,260 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

BLD traded down $8.79 during trading on Monday, hitting $295.14. The stock had a trading volume of 176,633 shares, compared to its average volume of 314,128. 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 company has a 50 day moving average price of $296.72 and a 200-day moving average price of $324.20. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The firm has a market cap of $8.44 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the business posted $4.81 earnings per share. TopBuild's quarterly revenue was down 3.6% on a year-over-year basis. As a group, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of research analyst reports. Loop Capital reduced 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. Stephens reduced their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Benchmark decreased their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Truist Financial cut their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TopBuild has an average rating of "Moderate Buy" and an average price target of $380.22.

Insiders Place Their Bets

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

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.