Teacher Retirement System of Texas trimmed its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 33.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,723 shares of the construction company's stock after selling 4,915 shares during the period. Teacher Retirement System of Texas' holdings in TopBuild were worth $2,965,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its position in TopBuild by 111.5% in the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of TopBuild in the 1st quarter valued at about $50,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after purchasing an additional 132 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of TopBuild in the 4th quarter valued at about $81,000. Finally, UMB Bank n.a. increased its holdings in TopBuild by 144.2% in the first quarter. UMB Bank n.a. now owns 337 shares of the construction company's stock valued at $103,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on BLD. Loop Capital dropped their target price on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective for the company. Stephens dropped their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Finally, DA Davidson dropped their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $380.22.
Check Out Our Latest Stock Analysis on TopBuild
TopBuild Stock Performance
TopBuild stock opened at $357.32 on Wednesday. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 3.45 and a beta of 1.64. The stock has a fifty day moving average of $304.36 and a two-hundred day moving average of $309.75. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.47 and a current ratio of 2.02.
TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $4.81 EPS. On average, analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction on Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the sale, the insider owned 7,007 shares of the company's stock, valued at $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.43% of the company's stock.
TopBuild Company Profile
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Free Report)
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.
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