BNP Paribas Arbitrage SA Decreases Holdings in TopBuild Corp. (NYSE:BLD)

BNP Paribas Arbitrage SA cut its holdings in shares of TopBuild Corp. (NYSE:BLDGet Rating) by 62.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,349 shares of the construction company’s stock after selling 33,979 shares during the quarter. BNP Paribas Arbitrage SA owned 0.06% of TopBuild worth $5,614,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BLD. UMB Bank N A MO purchased a new position in shares of TopBuild during the fourth quarter worth approximately $31,000. National Bank of Canada FI purchased a new position in shares of TopBuild during the fourth quarter worth approximately $34,000. First Horizon Advisors Inc. raised its stake in shares of TopBuild by 54.8% during the fourth quarter. First Horizon Advisors Inc. now owns 178 shares of the construction company’s stock worth $48,000 after acquiring an additional 63 shares in the last quarter. Emerald Advisers LLC purchased a new position in shares of TopBuild during the fourth quarter worth approximately $51,000. Finally, CWM LLC purchased a new position in shares of TopBuild during the fourth quarter worth approximately $52,000. 96.91% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on BLD shares. Benchmark decreased their target price on shares of TopBuild from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. JPMorgan Chase & Co. decreased their target price on shares of TopBuild from $219.00 to $193.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 20th. Jefferies Financial Group decreased their target price on shares of TopBuild from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. StockNews.com started coverage on shares of TopBuild in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Truist Financial lifted their target price on shares of TopBuild from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, February 23rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $262.50.

NYSE:BLD opened at $198.18 on Friday. The stock has a market cap of $6.50 billion, a P/E ratio of 17.32 and a beta of 1.45. The firm’s fifty day simple moving average is $192.03 and its 200 day simple moving average is $230.26. TopBuild Corp. has a twelve month low of $165.01 and a twelve month high of $284.07. The company has a quick ratio of 1.15, a current ratio of 1.65 and a debt-to-equity ratio of 0.86.

TopBuild (NYSE:BLDGet Rating) last released its quarterly earnings results on Thursday, May 5th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.65. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.07 billion. TopBuild had a net margin of 9.68% and a return on equity of 25.63%. The firm’s revenue for the quarter was up 61.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.02 earnings per share. On average, analysts expect that TopBuild Corp. will post 14.8 EPS for the current fiscal year.

About TopBuild (Get Rating)

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building 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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.

Further Reading

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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