Millennium Management LLC Sells 145,718 Shares of TopBuild Corp. (NYSE:BLD)

Millennium Management LLC cut its position in TopBuild Corp. (NYSE:BLD - Free Report) by 59.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,801 shares of the construction company's stock after selling 145,718 shares during the quarter. Millennium Management LLC owned about 0.31% of TopBuild worth $38,065,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG lifted its stake in shares of TopBuild by 0.3% during the 4th 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. Franklin Resources Inc. grew its position in shares of TopBuild by 19.2% in the fourth quarter. Franklin Resources Inc. now owns 4,549 shares of the construction company's stock valued at $1,703,000 after purchasing an additional 734 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in shares of TopBuild during the 4th quarter valued at $201,000. KBC Group NV bought a new stake in shares of TopBuild during the 4th quarter valued at $220,000. Finally, Rafferty Asset Management LLC lifted its holdings in TopBuild by 21.9% during the 4th quarter. Rafferty Asset Management LLC now owns 22,891 shares of the construction company's stock worth $8,567,000 after purchasing an additional 4,112 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Trading Down 1.0 %

Shares of TopBuild stock traded down $3.91 during trading on Wednesday, reaching $403.02. 185,563 shares of the stock were exchanged, compared to its average volume of 289,958. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $495.68. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The stock's fifty day moving average is $398.84 and its 200 day moving average is $406.99. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on BLD. Stephens decreased their price target on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Truist Financial lowered their target price on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research note 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 for the company in a research report on Friday, August 9th. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Evercore ISI reduced 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, TopBuild presently has an average 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.