Teacher Retirement System of Texas Has $2.37 Million Holdings in TopBuild Corp. $BLD

Key Points

• Teacher Retirement System of Texas cut its stake in TopBuild by 36% in Q4, selling 3,203 shares to leave 5,682 shares valued at approximately $2.37 million.
• TopBuild beat quarterly estimates, reporting $4.50 EPS vs. $4.39 expected and $1.50B revenue (up 13.2% YoY); the company carries a ~$12.6B market cap and a trailing P/E of ~24.4.
• Institutional ownership is very high at 95.67%, and analysts hold a consensus rating of “Moderate Buy” with an average target of $447.21 despite some recent price-target cuts.

Teacher Retirement System of Texas decreased its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 36.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,682 shares of the construction company's stock after selling 3,203 shares during the period. Teacher Retirement System of Texas' holdings in TopBuild were worth $2,370,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in TopBuild by 48.2% during the 1st quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company's stock valued at $774,000 after purchasing an additional 837 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in TopBuild by 106.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company's stock worth $77,000 after buying an additional 123 shares during the period. First Trust Advisors LP lifted its holdings in shares of TopBuild by 8.1% during the second quarter. First Trust Advisors LP now owns 67,835 shares of the construction company's stock worth $21,961,000 after buying an additional 5,093 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of TopBuild in the second quarter valued at approximately $489,000. Finally, Federated Hermes Inc. boosted its position in shares of TopBuild by 10.7% in the second quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company's stock valued at $2,188,000 after acquiring an additional 654 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

BLD opened at $446.38 on Tuesday. The stock's 50 day simple moving average is $409.07 and its 200-day simple moving average is $436.53. 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 $12.57 billion, a PE ratio of 24.39, a P/E/G ratio of 5.70 and a beta of 1.78. TopBuild Corp. has a 1 year low of $273.87 and a 1 year high of $559.47.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.39 by $0.11. The firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.TopBuild's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $5.13 earnings per share. Sell-side analysts forecast that TopBuild Corp. will post 18.12 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Benchmark dropped their target price on shares of TopBuild from $515.00 to $500.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Wells Fargo & Company reduced their price target on shares of TopBuild from $525.00 to $475.00 and set an "overweight" rating for the company in a report on Wednesday, April 8th. DA Davidson restated a "buy" rating and issued a $465.00 price target on shares of TopBuild in a research report on Monday, April 20th. Zacks Research downgraded shares of TopBuild from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. Finally, Seaport Research Partners reaffirmed a "neutral" rating on shares of TopBuild in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $447.21.

TopBuild 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.

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