Retirement Systems of Alabama Purchases 3,882 Shares of TopBuild Corp. (NYSE:BLD)

Retirement Systems of Alabama increased its holdings in shares of TopBuild Corp. (NYSE:BLD) by 5.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 71,127 shares of the construction company’s stock after purchasing an additional 3,882 shares during the period. Retirement Systems of Alabama owned 0.24% of TopBuild worth $22,145,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BLD. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild during the 3rd quarter worth approximately $31,000. Winch Advisory Services LLC acquired a new stake in TopBuild during the 4th quarter valued at $26,000. Versant Capital Management Inc boosted its position in TopBuild by 327.3% during 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. Quantbot Technologies LP acquired a new position in shares of TopBuild in the third quarter valued at $45,000. Finally, Kennebec Savings Bank bought a new position in shares of TopBuild in the third quarter valued at about $45,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Up 0.4 %

BLD stock opened at $339.23 on Friday. The company has a market cap of $10.01 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.85. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 52 week low of $302.70 and a 52 week high of $495.68. The business has a 50-day simple moving average of $339.18 and a 200 day simple moving average of $372.57.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.43 EPS. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BLD shares. The Goldman Sachs Group decreased their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Finally, Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Three investment 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.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus price target of $437.00.

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.