Squarepoint Ops LLC Invests $1.15 Million in TopBuild Corp. (NYSE:BLD)

Squarepoint Ops LLC bought a new position in shares of TopBuild Corp. (NYSE:BLD - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,995 shares of the construction company's stock, valued at approximately $1,154,000.

Other institutional investors also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of TopBuild by 53.0% in 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 raised its stake in shares of TopBuild by 21.1% in 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. Forge First Asset Management Inc. purchased a new stake in shares of TopBuild in the 1st quarter valued at approximately $16,158,000. Distillate Capital Partners LLC purchased a new stake in shares of TopBuild in the 2nd quarter valued at approximately $13,832,000. Finally, Vident Advisory LLC purchased a new stake in shares of TopBuild in the 1st quarter valued at approximately $13,707,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Down 3.2 %

Shares of TopBuild stock traded down $12.93 during trading hours on Friday, hitting $385.85. The company had a trading volume of 289,893 shares, compared to its average volume of 289,300. The company's 50-day moving average is $395.62 and its two-hundred day moving average is $406.73. TopBuild Corp. has a twelve month low of $217.08 and a twelve month high of $495.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The company has a market cap of $12.28 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the company posted $5.25 EPS. The company's quarterly revenue was up 3.7% on a year-over-year basis. Analysts anticipate that TopBuild Corp. will post 21.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BLD shares. Truist Financial reduced their price target 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. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st. Stephens cut their target price on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group upped their target price on shares of TopBuild from $486.00 to $536.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Finally, DA Davidson lowered their price target on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a report on Friday, August 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $449.00.

TopBuild 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.