Public Employees Retirement System of Ohio Has $3.65 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Public Employees Retirement System of Ohio reduced its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 38.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,728 shares of the construction company's stock after selling 7,182 shares during the quarter. Public Employees Retirement System of Ohio's holdings in TopBuild were worth $3,651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in BLD. GTS Securities LLC acquired a new position in TopBuild during the fourth quarter valued at approximately $268,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of TopBuild in the 4th quarter valued at $16,623,000. Voloridge Investment Management LLC bought a new stake in shares of TopBuild in the 4th quarter valued at $10,967,000. Westwood Holdings Group Inc. bought a new stake in shares of TopBuild in the 4th quarter valued at $80,844,000. Finally, Squarepoint Ops LLC raised its stake in TopBuild by 47.6% during the 4th quarter. Squarepoint Ops LLC now owns 11,961 shares of the construction company's stock worth $3,724,000 after buying an additional 3,859 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

BLD stock traded up $5.69 during midday trading on Tuesday, reaching $286.41. 341,210 shares of the company were exchanged, compared to its average volume of 317,604. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. The business has a 50-day moving average price of $291.51 and a two-hundred day moving average price of $317.76. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.43 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.81 EPS. Equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BLD. Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Wall Street Zen cut TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price for the company. Stephens dropped their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, DA Davidson cut their price target 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. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $380.22.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction dated 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 directly owns 7,007 shares in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.43% of the stock is currently owned by insiders.

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.