Squarepoint Ops LLC Invests $1.15 Million in TopBuild Corp. (NYSE:BLD)

Squarepoint Ops LLC purchased a new stake in TopBuild Corp. (NYSE:BLD) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,995 shares of the construction company’s stock, valued at approximately $1,154,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of TopBuild in the second quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild during the 1st quarter worth $31,000. Rise Advisors LLC bought a new position in shares of TopBuild in the first quarter worth $37,000. Headlands Technologies LLC acquired a new position in TopBuild in the first quarter valued at about $56,000. Finally, Newbridge Financial Services Group Inc. lifted its position in TopBuild by 2,300.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company’s stock worth $99,000 after purchasing an additional 253 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Down 3.2 %

BLD opened at $385.85 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The company’s 50 day moving average price is $395.62 and its two-hundred day moving average price is $406.76. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.53 and a beta of 1.77.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the company earned $5.25 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts predict that TopBuild Corp. will post 21.18 earnings per share for the current year.

Analysts Set New Price Targets

BLD has been the subject of several analyst reports. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Jefferies Financial Group raised their target price on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Stephens lowered their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Evercore ISI reduced their price objective on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Truist Financial lowered their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $449.00.

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.