California Public Employees Retirement System boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,500 shares of the construction company’s stock after buying an additional 100 shares during the period. California Public Employees Retirement System owned about 0.19% of TopBuild Corp. worth $3,361,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its position in TopBuild Corp. by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the construction company’s stock worth $724,000 after buying an additional 100 shares during the period. Alpha Windward LLC raised its position in shares of TopBuild Corp. by 1.4% in the first quarter. Alpha Windward LLC now owns 12,720 shares of the construction company’s stock valued at $598,000 after buying an additional 180 shares during the period. Envestnet Asset Management Inc. raised its position in shares of TopBuild Corp. by 8.5% in the first quarter. Envestnet Asset Management Inc. now owns 5,061 shares of the construction company’s stock valued at $239,000 after buying an additional 395 shares during the period. Mason Street Advisors LLC raised its position in shares of TopBuild Corp. by 6.1% in the first quarter. Mason Street Advisors LLC now owns 8,820 shares of the construction company’s stock valued at $415,000 after buying an additional 507 shares during the period. Finally, SG Americas Securities LLC raised its position 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 during the period. Hedge funds and other institutional investors own 93.73% of the company’s stock.
TopBuild Corp. (NYSE:BLD) traded up 1.15% during mid-day trading on Monday, reaching $58.83. 190,780 shares of the company’s stock traded hands. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 32.61 and a beta of 0.63. TopBuild Corp. has a one year low of $28.81 and a one year high of $59.34. The firm’s 50-day moving average price is $53.94 and its 200 day moving average price is $48.79.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. TopBuild Corp. had a net margin of 3.73% and a return on equity of 9.09%. The business had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $477.72 million. During the same period last year, the company posted $0.43 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that TopBuild Corp. will post $2.78 EPS for the current year.
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BLD has been the subject of several research reports. Instinet upped their target price on shares of TopBuild Corp. from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 10th. TheStreet upgraded shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. KeyCorp restated an “overweight” rating and set a $59.00 price target (up from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. Finally, Zacks Investment Research lowered shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.60.
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.
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