Point72 DIFC Ltd Makes New $959,000 Investment in TopBuild Corp. (NYSE:BLD)

Point72 DIFC Ltd purchased a new stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,489 shares of the construction company's stock, valued at approximately $959,000.

Several other hedge funds also recently modified their holdings of BLD. Principal Securities Inc. bought a new position in TopBuild during the fourth quarter valued at about $28,000. Ashton Thomas Private Wealth LLC bought a new position in shares of TopBuild during the 2nd quarter valued at about $30,000. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild in the 1st quarter worth approximately $31,000. Rise Advisors LLC acquired a new position in shares of TopBuild in the 1st quarter worth approximately $37,000. Finally, Headlands Technologies LLC bought a new stake in shares of TopBuild in the 1st quarter worth approximately $56,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Down 1.9 %

NYSE:BLD traded down $7.79 on Wednesday, hitting $398.04. 251,181 shares of the company's stock traded hands, compared to its average volume of 293,136. The company has a market cap of $12.01 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77. TopBuild Corp. has a 1 year low of $217.08 and a 1 year 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 firm has a 50-day moving average price of $402.51 and a 200-day moving average price of $407.03.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 EPS 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 for the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the previous year, the firm posted $5.25 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts anticipate that TopBuild Corp. will post 21.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BLD shares. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Monday. DA Davidson cut their target price on TopBuild from $470.00 to $460.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group upped 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. Evercore ISI dropped their price target 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 reduced their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.