Maryland State Retirement & Pension System Has $500,000 Stock Holdings in TopBuild Corp. (NYSE:BLD)

Maryland State Retirement & Pension System lessened its holdings in TopBuild Corp. (NYSE:BLD) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,607 shares of the construction company’s stock after selling 207 shares during the quarter. Maryland State Retirement & Pension System’s holdings in TopBuild were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Sheaff Brock Investment Advisors LLC increased its position in TopBuild by 0.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company’s stock valued at $1,681,000 after acquiring an additional 40 shares during the period. Pathstone Holdings LLC increased its holdings in TopBuild by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock valued at $1,712,000 after purchasing an additional 41 shares during the period. V Square Quantitative Management LLC raised its position in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the last quarter. Point72 DIFC Ltd lifted its holdings in TopBuild by 1.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company’s stock worth $1,031,000 after buying an additional 46 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of TopBuild by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company’s stock valued at $301,000 after buying an additional 48 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on BLD. Benchmark cut their price objective on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Loop Capital dropped their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $403.88.

TopBuild Stock Performance

Shares of TopBuild stock opened at $315.74 on Tuesday. The business has a 50-day simple moving average of $322.43 and a 200 day simple moving average of $350.56. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the company posted $4.69 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.