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

California State Teachers Retirement System cut its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,224 shares of the construction company's stock after selling 1,978 shares during the quarter. California State Teachers Retirement System owned 0.10% of TopBuild worth $8,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC lifted its position in shares of 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. R Squared Ltd bought a new position in TopBuild during the fourth quarter valued at approximately $72,000. Raiffeisen Bank International AG acquired a new stake in TopBuild in the fourth quarter valued at approximately $81,000. Park Square Financial Group LLC bought a new stake in TopBuild in the fourth quarter worth approximately $111,000. Finally, Blue Trust Inc. grew its position in TopBuild by 18.0% in the fourth 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. Hedge funds and other institutional investors own 95.67% of the company's stock.

TopBuild Stock Performance

Shares of BLD traded up $2.96 during mid-day trading on Wednesday, hitting $289.48. The company's stock had a trading volume of 596,896 shares, compared to its average volume of 318,300. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The stock's 50-day moving average is $291.18 and its two-hundred day moving average is $317.56. The firm has a market capitalization of $8.28 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $4.81 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.43% of the company's stock.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target on the stock. DA Davidson reduced 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. Loop Capital decreased their price target on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. 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. Finally, Stephens reduced their target price on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $380.22.

TopBuild 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.