New York State Common Retirement Fund Has $31.80 Million Stock Position in TopBuild Corp. (NYSE:BLD)

New York State Common Retirement Fund lowered its holdings in TopBuild Corp. (NYSE:BLD) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,962 shares of the construction company’s stock after selling 1,131 shares during the quarter. New York State Common Retirement Fund owned 0.27% of TopBuild worth $31,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. acquired a new stake in TopBuild in the 4th quarter valued at approximately $221,000. Federated Hermes Inc. grew its holdings in TopBuild by 103.9% in the 3rd quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock valued at $2,223,000 after buying an additional 4,503 shares during the last quarter. Pacer Advisors Inc. grew its holdings 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 purchasing an additional 2,677 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of TopBuild during the 4th quarter worth approximately $222,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of TopBuild during the 4th quarter worth approximately $3,331,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. DA Davidson assumed coverage on TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 price objective on the stock. Evercore ISI boosted their price target on TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Stephens reaffirmed an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research note on Tuesday. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Finally, Loop Capital raised TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average target price of $418.90.

TopBuild Trading Up 0.6 %

Shares of BLD opened at $390.61 on Friday. The stock has a fifty day moving average price of $412.55 and a two-hundred day moving average price of $352.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. TopBuild Corp. has a 52-week low of $199.31 and a 52-week high of $452.87. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.83 and a beta of 1.66.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $4.40 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts predict that TopBuild Corp. will post 21.02 EPS for the current fiscal year.

TopBuild Profile

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.