Two Sigma Securities LLC Makes New Investment in TopBuild Corp. (NYSE:BLD)

Two Sigma Securities LLC purchased a new position in TopBuild Corp. (NYSE:BLD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,303 shares of the construction company's stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLD. Anchor Investment Management LLC increased its stake in shares of TopBuild by 10.3% in the 3rd quarter. Anchor Investment Management LLC now owns 888 shares of the construction company's stock valued at $361,000 after purchasing an additional 83 shares in the last quarter. World Investment Advisors LLC acquired a new position in TopBuild during the third quarter worth $54,000. Wilmington Savings Fund Society FSB purchased a new position in TopBuild during the third quarter worth $31,000. JPMorgan Chase & Co. boosted its position in shares of TopBuild by 14.1% in the third quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company's stock worth $34,828,000 after acquiring an additional 10,612 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com lowered TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group dropped their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Loop Capital dropped their price target on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft started coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price for the company. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $398.56.

TopBuild Stock Performance

Shares of TopBuild stock traded up $2.12 during trading hours on Friday, hitting $300.71. 81,745 shares of the company's stock traded hands, compared to its average volume of 313,825. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68. The company has a fifty day simple moving average of $298.13 and a 200-day simple moving average of $331.27. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.82 and a beta of 1.78. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

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

TopBuild 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.