California State Teachers Retirement System Sells 1,649 Shares of TopBuild Corp. (NYSE:BLD)

California State Teachers Retirement System lessened its holdings in shares of TopBuild Corp. (NYSE:BLD) by 4.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 31,942 shares of the construction company’s stock after selling 1,649 shares during the quarter. California State Teachers Retirement System’s holdings in TopBuild were worth $14,078,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Raymond James & Associates raised its position in TopBuild by 15.3% during the 4th quarter. Raymond James & Associates now owns 21,019 shares of the construction company’s stock worth $7,867,000 after buying an additional 2,794 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in TopBuild by 83.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,005 shares of the construction company’s stock valued at $750,000 after purchasing an additional 912 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of TopBuild by 104.1% in the fourth quarter. Fifth Third Bancorp now owns 443 shares of the construction company’s stock worth $166,000 after buying an additional 226 shares in the last quarter. State of Michigan Retirement System boosted its position in TopBuild by 1.3% during the fourth quarter. State of Michigan Retirement System now owns 7,657 shares of the construction company’s stock worth $2,866,000 after acquiring an additional 100 shares during the last quarter. Finally, Trust Point Inc. purchased a new stake in TopBuild during the 4th quarter valued at about $255,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Nancy M. Taylor sold 300 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $415.81, for a total value of $124,743.00. Following the transaction, the director now owns 5,920 shares in the company, valued at approximately $2,461,595.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total value of $1,045,125.00. Following the completion of the sale, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at $29,041,097.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nancy M. Taylor sold 300 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $415.81, for a total transaction of $124,743.00. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The disclosure for this sale can be found here. Insiders sold 8,340 shares of company stock valued at $3,407,994 in the last ninety days. Insiders own 0.46% of the company’s stock.

TopBuild Stock Down 6.6 %

Shares of NYSE BLD opened at $423.36 on Friday. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $495.68. The stock has a market cap of $13.47 billion, a P/E ratio of 22.85, a PEG ratio of 2.21 and a beta of 1.76. The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $414.13 and its 200-day simple moving average is $406.55.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business posted $4.36 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that TopBuild Corp. will post 21.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BLD. Benchmark boosted their target price on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Jefferies Financial Group upped their target price on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday. Evercore ISI upped their price objective on shares of TopBuild from $529.00 to $555.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Stephens reaffirmed an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus target price of $461.89.

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.