New York State Teachers Retirement System Has $11.56 Million Holdings in TopBuild Corp. $BLD

New York State Teachers Retirement System cut its stake in shares of TopBuild Corp. (NYSE:BLD) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,717 shares of the construction company’s stock after selling 2,021 shares during the period. New York State Teachers Retirement System’s holdings in TopBuild were worth $11,563,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of TopBuild during the third quarter worth $27,000. First Horizon Corp grew its stake in shares of 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 purchasing an additional 50 shares during the period. Root Financial Partners LLC acquired a new stake in shares of TopBuild during the third quarter worth $34,000. V Square Quantitative Management LLC acquired a new stake in shares of TopBuild during the fourth quarter worth $43,000. Finally, Smithfield Trust Co grew its stake in shares of TopBuild by 58.6% during the third quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock worth $44,000 after purchasing an additional 41 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Down 1.7%

NYSE:BLD opened at $431.47 on Tuesday. TopBuild Corp. has a 1 year low of $273.87 and a 1 year high of $559.47. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 5.51 and a beta of 1.85. The stock has a 50-day moving average price of $403.41 and a two-hundred day moving average price of $436.74.

TopBuild (NYSE:BLD) last posted its earnings results on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm earned $5.13 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. As a group, equities analysts expect that TopBuild Corp. will post 18.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. DA Davidson reaffirmed a “buy” rating and set a $465.00 price objective on shares of TopBuild in a research note on Monday, April 20th. Benchmark decreased their target price on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Royal Bank Of Canada boosted their target price on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research note on Friday, February 27th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Finally, Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $447.21.

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.