South Dakota Investment Council Reduces Position in TopBuild Corp. (NYSE:BLD)

South Dakota Investment Council trimmed its stake in TopBuild Corp. (NYSE:BLD) by 31.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,832 shares of the construction company’s stock after selling 2,700 shares during the period. South Dakota Investment Council’s holdings in TopBuild were worth $2,183,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Cornercap Investment Counsel Inc. purchased a new stake in shares of TopBuild in the 4th quarter worth approximately $221,000. Federated Hermes Inc. raised its stake in shares of TopBuild by 103.9% during the 3rd quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock worth $2,223,000 after acquiring an additional 4,503 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of TopBuild by 74.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,277 shares of the construction company’s stock worth $2,349,000 after acquiring an additional 2,677 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of TopBuild during the 4th quarter worth approximately $222,000. Finally, Raymond James & Associates raised its stake in shares of TopBuild by 15.3% during the 4th quarter. Raymond James & Associates now owns 21,019 shares of the construction company’s stock worth $7,867,000 after acquiring an additional 2,794 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on BLD. DA Davidson began coverage on shares of TopBuild in a research note on Tuesday, March 5th. They set a “buy” rating and a $470.00 price objective for the company. Evercore ISI upped their price target on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Bank of America upped their price target on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Benchmark upped their price target on shares of TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $418.90.

TopBuild Stock Down 1.7 %

NYSE:BLD opened at $388.27 on Thursday. The company’s fifty day moving average price is $412.61 and its 200-day moving average price is $352.11. TopBuild Corp. has a 1-year low of $199.31 and a 1-year high of $452.87. The firm has a market capitalization of $12.35 billion, a P/E ratio of 20.09, a PEG ratio of 2.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $4.40 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that TopBuild Corp. will post 21.02 EPS for the current year.

About TopBuild

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.