California State Teachers Retirement System Sells 1,978 Shares of TopBuild Corp. (NYSE:BLD)

California State Teachers Retirement System lowered its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,224 shares of the construction company's stock after selling 1,978 shares during the quarter. California State Teachers Retirement System owned about 0.10% of TopBuild worth $8,787,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of BLD. V Square Quantitative Management LLC grew 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 valued at $37,000 after acquiring an additional 42 shares in the last quarter. R Squared Ltd acquired a new position in shares of TopBuild in the fourth quarter worth about $72,000. Raiffeisen Bank International AG acquired a new stake in shares of TopBuild during the fourth quarter worth approximately $81,000. Park Square Financial Group LLC acquired a new stake in shares of TopBuild in the 4th quarter valued at about $111,000. Finally, Blue Trust Inc. grew its position in shares of TopBuild by 18.0% in the 4th quarter. Blue Trust Inc. now owns 440 shares of the construction company's stock worth $137,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

BLD has been the topic of several research reports. DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Loop Capital cut their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Benchmark lowered their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. Finally, Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $380.22.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now owns 7,007 shares in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

TopBuild Stock Down 0.9%

Shares of TopBuild stock traded down $2.67 during midday trading on Monday, hitting $280.22. The company's stock had a trading volume of 292,031 shares, compared to its average volume of 317,102. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8.01 billion, a P/E ratio of 14.14, a PEG ratio of 1.82 and a beta of 1.72. The stock has a 50-day simple moving average of $292.65 and a 200-day simple moving average of $318.45.

TopBuild (NYSE:BLD - Get Free Report) last announced 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $4.81 EPS. The business's quarterly revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

TopBuild Company Profile

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.