Schonfeld Strategic Advisors LLC Has $19.05 Million Stake in TopBuild Corp. (NYSE:BLD)

Schonfeld Strategic Advisors LLC trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,201 shares of the construction company's stock after selling 1,284 shares during the period. Schonfeld Strategic Advisors LLC owned 0.21% of TopBuild worth $19,054,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BLD. T. Rowe Price Investment Management Inc. increased its stake in shares of TopBuild by 779.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock valued at $188,098,000 after buying an additional 535,478 shares in the last quarter. Norges Bank acquired a new stake in TopBuild in the 4th quarter valued at about $108,688,000. E. Ohman J or Asset Management AB bought a new position in shares of TopBuild in the fourth quarter worth about $23,906,000. Invesco Ltd. lifted its position in shares of TopBuild by 14.6% during the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock worth $185,353,000 after purchasing an additional 75,713 shares in the last quarter. Finally, Jackson Square Partners LLC bought a new stake in shares of TopBuild during the fourth quarter valued at approximately $19,462,000. Institutional investors own 95.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BLD. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective for the company. Loop Capital cut their price target on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Benchmark lowered their price target 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $398.56.

TopBuild Trading Up 0.5 %

Shares of BLD stock traded up $1.57 on Friday, hitting $300.16. The stock had a trading volume of 326,706 shares, compared to its average volume of 314,975. The firm has a market cap of $8.78 billion, a P/E ratio of 15.14, a PEG ratio of 1.82 and a beta of 1.72. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. 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 company has a fifty day moving average price of $297.92 and a two-hundred day moving average price of $330.58.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.69 earnings per share. As a group, analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.