27,700 Shares in TopBuild Corp. $BLD Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new stake in TopBuild Corp. (NYSE:BLD) during the first quarter, HoldingsChannel.com reports. The fund bought 27,700 shares of the construction company’s stock, valued at approximately $9,731,000.

Several other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in TopBuild during the 4th quarter worth approximately $26,000. Advisory Services Network LLC bought a new stake in shares of TopBuild in the third quarter worth $27,000. Parallel Advisors LLC lifted its position in shares of TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after purchasing an additional 25 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after purchasing an additional 59 shares during the last quarter. Finally, First Horizon Corp boosted its holdings in TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

BLD opened at $354.53 on Monday. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average of $383.73 and a 200-day moving average of $417.53. TopBuild Corp. has a 12-month low of $321.67 and a 12-month high of $559.47. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm earned $4.63 earnings per share. The company’s revenue was up 17.2% on a year-over-year basis. On average, equities research analysts expect that TopBuild Corp. will post 18.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLD has been the topic of several recent research reports. Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. Evercore set a $360.00 price objective on TopBuild in a report on Monday, June 29th. DA Davidson reaffirmed a “neutral” rating and issued a $437.00 target price (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. UBS Group set a $440.00 target price on TopBuild in a report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $465.00.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.