AQR Capital Management LLC Raises Stock Holdings in TopBuild Corp. (NYSE:BLD)

AQR Capital Management LLC lifted its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 118.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,297 shares of the construction company's stock after acquiring an additional 8,280 shares during the quarter. AQR Capital Management LLC's holdings in TopBuild were worth $5,850,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BLD. Vanguard Group Inc. lifted its stake in TopBuild by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company's stock worth $1,317,795,000 after purchasing an additional 15,965 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company's stock valued at $140,993,000 after acquiring an additional 130,563 shares during the period. Liontrust Investment Partners LLP boosted its holdings in TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock valued at $127,929,000 after acquiring an additional 57,880 shares during the period. Price T Rowe Associates Inc. MD grew its position in TopBuild by 8.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 300,001 shares of the construction company's stock valued at $112,279,000 after acquiring an additional 23,267 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in TopBuild by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company's stock worth $100,927,000 after purchasing an additional 2,133 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Stock Down 3.2 %

Shares of BLD traded down $12.93 during mid-day trading on Friday, reaching $385.85. The company's stock had a trading volume of 289,893 shares, compared to its average volume of 289,300. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $495.68. The stock has a market cap of $12.28 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77. The company's 50 day moving average is $395.62 and its 200 day moving average is $406.76.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BLD. Truist Financial dropped their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Evercore ISI cut their price objective on TopBuild from $555.00 to $489.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. Jefferies Financial Group increased their price objective on TopBuild from $486.00 to $536.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. Stephens lowered their target price on TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, TopBuild currently 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.