Jump Financial LLC Invests $2.18 Million in TopBuild Corp. (NYSE:BLD)

Jump Financial LLC acquired a new stake in TopBuild Corp. (NYSE:BLD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,991 shares of the construction company’s stock, valued at approximately $2,177,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLD. Anchor Investment Management LLC increased its stake in shares of TopBuild by 10.3% in the third quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock valued at $361,000 after purchasing an additional 83 shares during the period. World Investment Advisors LLC bought a new position in TopBuild in the 3rd quarter worth approximately $54,000. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild in the 3rd quarter valued at approximately $31,000. JPMorgan Chase & Co. boosted its position in TopBuild by 14.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company’s stock worth $34,828,000 after acquiring an additional 10,612 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BLD shares. Loop Capital cut their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 price target on the stock. The Goldman Sachs Group reduced their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Benchmark decreased their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $398.56.

TopBuild Stock Performance

Shares of BLD opened at $285.65 on Friday. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company has a market capitalization of $8.35 billion, a PE ratio of 14.41, a PEG ratio of 1.82 and a beta of 1.78. The company’s 50 day moving average price is $302.52 and its 200 day moving average price is $337.31.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.69 earnings per share. Research analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

About TopBuild

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.