California Public Employees Retirement System Has $18.37 Million Stock Position in TopBuild Corp. (NYSE:BLD)

California Public Employees Retirement System lessened its position in shares of TopBuild Corp. (NYSE:BLD) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,988 shares of the construction company’s stock after selling 3,381 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of TopBuild worth $18,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Winch Advisory Services LLC acquired a new stake in TopBuild during the fourth quarter worth $26,000. Versant Capital Management Inc boosted its position in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after acquiring an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in TopBuild in the third quarter valued at about $31,000. V Square Quantitative Management LLC raised its position in TopBuild by 55.3% in the fourth 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 in the last quarter. Finally, Quantbot Technologies LP bought a new position in TopBuild during the third quarter worth about $45,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Up 6.7 %

Shares of BLD opened at $303.28 on Friday. The business’s fifty day moving average price is $314.95 and its two-hundred day moving average price is $346.79. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.82 and a beta of 1.77. TopBuild Corp. has a 52 week low of $272.24 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BLD. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group reduced their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a report on Tuesday. They set a “buy” rating and a $356.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $398.56.

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.