Point72 Asia Singapore Pte. Ltd. Has $791,000 Position in TopBuild Corp. (NYSE:BLD)

Point72 Asia Singapore Pte. Ltd. cut its position in TopBuild Corp. (NYSE:BLD) by 46.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,541 shares of the construction company’s stock after selling 2,248 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in TopBuild were worth $791,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLD. Miracle Mile Advisors LLC acquired a new stake in TopBuild during the fourth quarter worth approximately $475,000. Assenagon Asset Management S.A. raised its stake in TopBuild by 203.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 17,538 shares of the construction company’s stock valued at $5,460,000 after purchasing an additional 11,760 shares in the last quarter. Park Avenue Securities LLC lifted its position in TopBuild by 22.8% during the fourth quarter. Park Avenue Securities LLC now owns 1,070 shares of the construction company’s stock worth $333,000 after purchasing an additional 199 shares during the period. Burney Co. acquired a new stake in TopBuild during the fourth quarter worth about $249,000. Finally, Argent Capital Management LLC increased its holdings in TopBuild by 9.7% in the 4th quarter. Argent Capital Management LLC now owns 13,076 shares of the construction company’s stock valued at $4,071,000 after buying an additional 1,161 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of recent analyst reports. Stephens cut their price target on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. Benchmark reduced their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Truist Financial dropped their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, DA Davidson lowered their target price on TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $380.22.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the sale, the insider now directly owns 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.43% of the stock is owned by corporate insiders.

TopBuild Stock Down 1.4%

Shares of NYSE BLD opened at $295.79 on Friday. The company has a 50 day simple moving average of $296.60 and a 200 day simple moving average of $324.98. 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 Corp. has a 1 year low of $266.26 and a 1 year high of $495.68. The firm has a market cap of $8.46 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $4.81 earnings per share. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current 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.