TopBuild Corp. (NYSE:BLD) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. trimmed its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 26.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 90,648 shares of the construction company's stock after selling 32,109 shares during the quarter. Point72 Asset Management L.P. owned about 0.28% of TopBuild worth $34,924,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. UBS Group AG boosted its stake in TopBuild by 0.3% in the fourth quarter. UBS Group AG now owns 16,659 shares of the construction company's stock valued at $6,235,000 after buying an additional 47 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of TopBuild by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 48,067 shares of the construction company's stock valued at $17,989,000 after purchasing an additional 174 shares during the last quarter. Franklin Resources Inc. increased its position in TopBuild by 19.2% during the 4th quarter. Franklin Resources Inc. now owns 4,549 shares of the construction company's stock worth $1,703,000 after purchasing an additional 734 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in TopBuild during the 4th quarter worth approximately $307,000. Finally, Allianz Asset Management GmbH lifted its stake in TopBuild by 268.8% in the 4th quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company's stock valued at $27,703,000 after purchasing an additional 53,950 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

BLD stock traded up $8.47 during midday trading on Friday, hitting $409.33. The company's stock had a trading volume of 180,395 shares, compared to its average volume of 291,920. The firm has a market capitalization of $13.02 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68. The company has a 50 day moving average of $401.54 and a two-hundred day moving average of $406.98. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.25 earnings per share. On average, analysts expect that TopBuild Corp. will post 21.18 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. DA Davidson decreased their price objective on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Evercore ISI lowered their price objective on shares of TopBuild from $555.00 to $489.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Monday. Stephens lowered their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, August 8th. Finally, Jefferies Financial Group boosted 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, TopBuild has an average rating of "Moderate Buy" and an average target price 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.