Point72 Asia Singapore Pte. Ltd. Boosts Stake in TopBuild Corp. (NYSE:BLD)

Point72 Asia Singapore Pte. Ltd. increased its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 321.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,789 shares of the construction company's stock after acquiring an additional 3,652 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in TopBuild were worth $1,948,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BLD. Cetera Investment Advisers raised its holdings in shares of TopBuild by 152.4% during the first quarter. Cetera Investment Advisers now owns 3,960 shares of the construction company's stock valued at $1,745,000 after purchasing an additional 2,391 shares during the period. Cetera Advisors LLC acquired a new position in shares of TopBuild during the first quarter worth approximately $413,000. Dixon Mitchell Investment Counsel Inc. raised its position in shares of TopBuild by 2.8% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 35,455 shares of the construction company's stock worth $13,803,000 after purchasing an additional 953 shares during the period. SG Americas Securities LLC lifted its holdings in shares of TopBuild by 30.1% in the 2nd quarter. SG Americas Securities LLC now owns 2,227 shares of the construction company's stock worth $858,000 after purchasing an additional 515 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in TopBuild in the 2nd quarter valued at $262,000. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of BLD traded up $0.84 during trading hours on Monday, hitting $391.48. The company's stock had a trading volume of 104,322 shares, compared to its average volume of 287,671. The business has a 50 day simple moving average of $381.28 and a two-hundred day simple moving average of $395.23. TopBuild Corp. has a 52-week low of $305.00 and a 52-week high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.46 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.43 earnings per share. On average, equities analysts expect that TopBuild Corp. will post 20.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on BLD. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Evercore ISI cut their price target on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Jefferies Financial Group dropped their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Finally, Stephens decreased their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $440.44.

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.