Point72 Asset Management L.P. Sells 32,109 Shares of TopBuild Corp. (NYSE:BLD)

Point72 Asset Management L.P. lessened its holdings in TopBuild Corp. (NYSE:BLD) by 26.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 90,648 shares of the construction company’s stock after selling 32,109 shares during the period. Point72 Asset Management L.P. owned 0.30% of TopBuild worth $34,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in TopBuild during the 2nd quarter valued at approximately $2,004,000. B. Riley Wealth Advisors Inc. bought a new position in shares of TopBuild during the second quarter worth $412,000. Creative Planning boosted its position in shares of TopBuild by 3.5% during the second quarter. Creative Planning now owns 9,499 shares of the construction company’s stock worth $3,660,000 after acquiring an additional 319 shares during the last quarter. Algert Global LLC increased its holdings in TopBuild by 8.8% in the 2nd quarter. Algert Global LLC now owns 9,414 shares of the construction company’s stock valued at $3,627,000 after acquiring an additional 764 shares during the last quarter. Finally, Scientech Research LLC purchased a new stake in TopBuild in the 2nd quarter worth $987,000. 95.67% of the stock is owned by institutional investors.

TopBuild Trading Up 0.7 %

Shares of BLD opened at $386.86 on Wednesday. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $495.68. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $391.99 and its 200-day simple moving average is $405.89. The company has a market cap of $12.31 billion, a P/E ratio of 19.50, a P/E/G 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 return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the company earned $5.25 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, analysts expect that TopBuild Corp. will post 21.18 EPS for the current year.

Analyst Ratings Changes

BLD has been the topic of several research reports. Stephens reduced their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group upped their price objective on TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Evercore ISI lowered their target price on TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. DA Davidson reduced their price target on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.00.

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.