Teacher Retirement System of Texas Increases Stake in TopBuild Corp. (NYSE:BLD)

Teacher Retirement System of Texas grew its position in TopBuild Corp. (NYSE:BLD) by 123.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,638 shares of the construction company’s stock after buying an additional 8,084 shares during the period. Teacher Retirement System of Texas’ holdings in TopBuild were worth $4,557,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BLD. Winch Advisory Services LLC bought a new stake in shares of TopBuild during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc increased its holdings in shares of TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of TopBuild in the third quarter worth $31,000. V Square Quantitative Management LLC lifted its holdings in shares of TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of TopBuild during the third quarter valued at $45,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 5.8 %

NYSE:BLD opened at $315.74 on Tuesday. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The business has a fifty day moving average price of $322.43 and a 200-day moving average price of $350.56. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on BLD shares. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Loop Capital lowered their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Truist Financial dropped their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $403.88.

TopBuild Company Profile

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.