TopBuild Corp. (BLD) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its stake in TopBuild Corp. (NYSE:BLD) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 15,100 shares of the construction company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in TopBuild Corp. were worth $801,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in TopBuild Corp. during the first quarter valued at $156,000. Victory Capital Management Inc. boosted its stake in shares of TopBuild Corp. by 22.7% in the first quarter. Victory Capital Management Inc. now owns 3,370 shares of the construction company’s stock valued at $158,000 after buying an additional 624 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of TopBuild Corp. by 164.8% in the first quarter. LS Investment Advisors LLC now owns 3,774 shares of the construction company’s stock valued at $177,000 after buying an additional 2,349 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of TopBuild Corp. by 12.9% in the first quarter. SG Americas Securities LLC now owns 4,451 shares of the construction company’s stock valued at $209,000 after buying an additional 507 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of TopBuild Corp. during the first quarter valued at about $209,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Shares of TopBuild Corp. (BLD) traded down 0.62% during mid-day trading on Thursday, reaching $52.70. 24,769 shares of the company traded hands. TopBuild Corp. has a 52 week low of $28.81 and a 52 week high of $55.30. The stock’s 50-day moving average is $53.08 and its 200-day moving average is $47.60. The company has a market capitalization of $1.94 billion, a P/E ratio of 33.17 and a beta of 0.64.

TopBuild Corp. (NYSE:BLD) last announced its earnings results on Tuesday, May 9th. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The company had revenue of $441.36 million during the quarter, compared to analysts’ expectations of $432.01 million. TopBuild Corp. had a net margin of 3.38% and a return on equity of 8.21%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, equities analysts predict that TopBuild Corp. will post $2.72 EPS for the current fiscal year.

Several analysts recently issued reports on BLD shares. TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research note on Friday, June 16th. Zacks Investment Research cut shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Instinet upped their price objective on shares of TopBuild Corp. from $45.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, May 10th. Nomura started coverage on shares of TopBuild Corp. in a research note on Wednesday, April 12th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, KeyCorp reaffirmed an “overweight” rating and set a $59.00 price objective (up previously from $56.00) on shares of TopBuild Corp. in a research note on Monday, June 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $51.00.

In other TopBuild Corp. news, COO Robert M. Buck sold 10,000 shares of TopBuild Corp. stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $52.00, for a total transaction of $520,000.00. Following the completion of the transaction, the chief operating officer now owns 59,204 shares in the company, valued at $3,078,608. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

About TopBuild Corp.

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

Want to see what other hedge funds are holding BLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TopBuild Corp. (NYSE:BLD).