Public Employees Retirement Association of Colorado increased its stake in shares of TopBuild Corp. (NYSE:BLD – Free Report) by 947.4% during the 4th quarter, Holdings Channel reports. The fund owned 32,061 shares of the construction company’s stock after acquiring an additional 29,000 shares during the period. Public Employees Retirement Association of Colorado’s holdings in TopBuild were worth $13,376,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of BLD. Core Wealth Advisors LLC bought a new position in TopBuild during the fourth quarter worth $26,000. Advisory Services Network LLC bought a new position in TopBuild during the third quarter worth $27,000. Parallel Advisors LLC boosted its stake in TopBuild by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after acquiring an additional 25 shares in the last quarter. Global Retirement Partners LLC boosted its stake in TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after acquiring an additional 59 shares in the last quarter. Finally, First Horizon Corp boosted its stake in TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 50 shares in the last quarter. 95.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on BLD shares. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a research note on Wednesday, May 6th. Benchmark cut their target price on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company cut their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. UBS Group set a $440.00 target price on shares of TopBuild in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $466.77.
TopBuild Stock Up 0.2%
TopBuild stock opened at $412.05 on Tuesday. TopBuild Corp. has a 1-year low of $293.14 and a 1-year high of $559.47. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 5.54 and a beta of 1.80. The firm’s fifty day moving average price is $413.76 and its two-hundred day moving average price is $433.14. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16.
TopBuild (NYSE:BLD – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm earned $4.63 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. On average, equities research analysts predict that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.
TopBuild Company Profile
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.
Read More
- Five stocks we like better than TopBuild
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
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 – Free Report).
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.
