Schonfeld Strategic Advisors LLC Lowers Stock Holdings in TopBuild Corp. (NYSE:BLD)

Schonfeld Strategic Advisors LLC trimmed its position in TopBuild Corp. (NYSE:BLD) by 2.1% during the fourth quarter, HoldingsChannel reports. 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’s holdings in TopBuild were worth $19,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLD. Anchor Investment Management LLC lifted its holdings in shares of TopBuild by 10.3% in the third quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock worth $361,000 after buying an additional 83 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of TopBuild in the third quarter worth about $54,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild in the third quarter worth about $31,000. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 10,612 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after buying an additional 72 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Up 0.1 %

Shares of TopBuild stock opened at $296.89 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $495.68. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.82 and a beta of 1.78. The company’s 50 day moving average price is $298.35 and its 200-day moving average price is $332.23.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter last year, the business earned $4.69 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price target on the stock. The Goldman Sachs Group lowered their target price 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. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Loop Capital decreased 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, StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $398.56.

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.