VIRGINIA RETIREMENT SYSTEMS ET Al Sells 7,290 Shares of TopBuild Corp. $BLD

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in TopBuild Corp. (NYSE:BLDFree Report) by 79.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,891 shares of the construction company’s stock after selling 7,290 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in TopBuild were worth $789,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in TopBuild in the third quarter valued at $27,000. Root Financial Partners LLC bought a new stake in TopBuild in the third quarter valued at $34,000. First Horizon Corp boosted its holdings in TopBuild by 138.9% in the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after acquiring an additional 50 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in TopBuild in the fourth quarter valued at $43,000. Finally, Smithfield Trust Co boosted its holdings in TopBuild by 58.6% in the third quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock valued at $44,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

BLD opened at $400.81 on Monday. The stock has a 50-day moving average price of $394.60 and a 200-day moving average price of $435.24. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The firm has a market cap of $11.28 billion, a PE ratio of 22.52, a P/E/G ratio of 4.67 and a beta of 1.85. TopBuild Corp. has a 1 year low of $273.87 and a 1 year high of $559.47.

TopBuild (NYSE:BLDGet Free Report) last issued its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm earned $4.63 EPS. TopBuild’s revenue was up 17.2% on a year-over-year basis. Sell-side analysts predict that TopBuild Corp. will post 18.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BLD shares. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target on the stock. in a report on Wednesday, May 6th. UBS Group set a $440.00 price target on shares of TopBuild in a report on Wednesday, May 6th. Wells Fargo & Company cut their price target on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Finally, DA Davidson restated a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $466.77.

Check Out Our Latest Analysis on BLD

About TopBuild

(Free Report)

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.

Further Reading

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:BLDFree Report).

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.