AQR Capital Management LLC Grows Position in TopBuild Corp. (NYSE:BLD)

AQR Capital Management LLC grew its position in shares of TopBuild Corp. (NYSE:BLD) by 118.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,297 shares of the construction company’s stock after purchasing an additional 8,280 shares during the quarter. AQR Capital Management LLC’s holdings in TopBuild were worth $5,850,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BLD. Alpha DNA Investment Management LLC grew its position in TopBuild by 25.9% during the second quarter. Alpha DNA Investment Management LLC now owns 1,458 shares of the construction company’s stock valued at $562,000 after buying an additional 300 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of TopBuild during the 2nd quarter worth about $438,000. Toronto Dominion Bank grew its position in shares of TopBuild by 39.4% during the 2nd quarter. Toronto Dominion Bank now owns 2,213 shares of the construction company’s stock valued at $853,000 after acquiring an additional 626 shares during the period. Squarepoint Ops LLC purchased a new position in shares of TopBuild in the 2nd quarter valued at about $1,154,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in TopBuild in the 2nd quarter worth about $4,250,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Stephens dropped their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Jefferies Financial Group lifted their price target on shares of TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Evercore ISI reduced their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Truist Financial cut their target price on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $449.00.

TopBuild Price Performance

TopBuild stock opened at $385.85 on Friday. The company has a fifty day simple moving average of $397.23 and a 200-day simple moving average of $406.91. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.53 and a beta of 1.77. TopBuild Corp. has a 52-week low of $217.08 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.25 EPS. On average, equities analysts anticipate that TopBuild Corp. will post 21.18 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.