Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stock Position in TopBuild Corp. (NYSE:BLD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of TopBuild Corp. (NYSE:BLD) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,476 shares of the construction company’s stock after selling 133 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TopBuild were worth $2,016,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BLD. Wilmington Savings Fund Society FSB purchased a new position in TopBuild during the 3rd quarter valued at approximately $31,000. Winch Advisory Services LLC bought a new position in shares of TopBuild during the 4th quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in shares of TopBuild by 327.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Quantbot Technologies LP bought a new stake in TopBuild in the third quarter worth $45,000. Finally, V Square Quantitative Management LLC raised its stake in TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Truist Financial reduced their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Benchmark cut their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $403.88.

TopBuild Price Performance

BLD opened at $315.74 on Tuesday. The business has a fifty day moving average of $322.43 and a 200 day moving average of $350.56. The stock has a market cap of $9.23 billion, a P/E ratio of 15.93, a PEG ratio of 1.82 and a beta of 1.89. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 52-week low of $288.31 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.69 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 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.