Point72 Asia Singapore Pte. Ltd. Buys 3,652 Shares of TopBuild Corp. (NYSE:BLD)

Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 321.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,789 shares of the construction company’s stock after buying an additional 3,652 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in TopBuild were worth $1,948,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Edgestream Partners L.P. boosted its stake in TopBuild by 86.5% during the third quarter. Edgestream Partners L.P. now owns 14,197 shares of the construction company’s stock valued at $5,775,000 after buying an additional 6,583 shares during the period. Icon Wealth Advisors LLC boosted its stake in TopBuild by 222.8% during the third quarter. Icon Wealth Advisors LLC now owns 920 shares of the construction company’s stock valued at $374,000 after buying an additional 635 shares during the period. Capstone Investment Advisors LLC bought a new stake in TopBuild during the third quarter valued at $210,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TopBuild by 9.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,785 shares of the construction company’s stock valued at $4,387,000 after buying an additional 940 shares during the period. Finally, Quantbot Technologies LP bought a new stake in TopBuild during the third quarter valued at $45,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 0.2 %

Shares of NYSE:BLD opened at $390.64 on Monday. TopBuild Corp. has a 1 year low of $292.50 and a 1 year high of $495.68. The company has a market cap of $11.52 billion, a PE ratio of 19.71, a P/E/G ratio of 2.46 and a beta of 1.79. 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 stock’s 50-day moving average is $381.28 and its 200 day moving average is $395.47.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $5.43 EPS. TopBuild’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts anticipate that TopBuild Corp. will post 20.99 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on BLD. Jefferies Financial Group dropped their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Stephens dropped their price target 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. Truist Financial dropped their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Evercore ISI dropped 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.