Point72 DIFC Ltd Boosts Holdings in TopBuild Corp. (NYSE:BLD)

Point72 DIFC Ltd grew its position in shares of TopBuild Corp. (NYSE:BLD) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,535 shares of the construction company’s stock after purchasing an additional 46 shares during the period. Point72 DIFC Ltd’s holdings in TopBuild were worth $1,031,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. increased its stake in TopBuild by 0.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 91,121 shares of the construction company’s stock worth $37,069,000 after acquiring an additional 473 shares during the last quarter. Holocene Advisors LP bought a new position in shares of TopBuild in the third quarter worth approximately $3,600,000. Point72 Asia Singapore Pte. Ltd. raised its stake in TopBuild by 321.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,789 shares of the construction company’s stock valued at $1,948,000 after purchasing an additional 3,652 shares in the last quarter. Edgestream Partners L.P. lifted its position 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 purchasing an additional 6,583 shares during the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in TopBuild by 222.8% in the 3rd quarter. Icon Wealth Advisors LLC now owns 920 shares of the construction company’s stock worth $374,000 after buying an additional 635 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of TopBuild stock opened at $374.11 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a one year low of $313.44 and a one year high of $495.68. The business’s 50 day simple moving average is $379.90 and its two-hundred day simple moving average is $394.83. The stock has a market capitalization of $11.04 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.79.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.43 EPS. Analysts forecast that TopBuild Corp. will post 20.99 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. DA Davidson lowered their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Evercore ISI lowered their price target on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Stephens cut their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group cut their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Two research 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 currently has a consensus 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.