New York State Teachers Retirement System Reduces Position in TopBuild Corp. (NYSE:BLD)

New York State Teachers Retirement System cut its position in TopBuild Corp. (NYSE:BLD - Free Report) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,243 shares of the construction company's stock after selling 2,756 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of TopBuild worth $14,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of TopBuild during the 4th quarter worth $28,000. Farther Finance Advisors LLC lifted its holdings in shares of TopBuild by 107.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 116 shares of the construction company's stock worth $31,000 after acquiring an additional 60 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of TopBuild during the 3rd quarter worth $30,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of TopBuild by 37.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company's stock worth $40,000 after acquiring an additional 43 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of TopBuild during the 3rd quarter worth $44,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Trading Down 3.4 %

Shares of NYSE BLD traded down $14.67 during midday trading on Wednesday, hitting $419.60. 214,683 shares of the company traded hands, compared to its average volume of 248,474. TopBuild Corp. has a 12-month low of $192.30 and a 12-month high of $452.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. The stock has a 50-day moving average price of $409.71 and a 200 day moving average price of $341.73. The firm has a market cap of $13.35 billion, a P/E ratio of 21.71, a P/E/G ratio of 2.10 and a beta of 1.66.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the company earned $4.40 earnings per share. TopBuild's quarterly revenue was up 1.7% on a year-over-year basis. As a group, analysts expect that TopBuild Corp. will post 21.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BLD shares. The Goldman Sachs Group lifted their price objective on shares of TopBuild from $419.00 to $429.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Truist Financial cut shares of TopBuild from a "buy" rating to a "hold" rating and lifted their target price for the stock from $290.00 to $410.00 in a research report on Thursday, January 4th. Benchmark lifted their target price on shares of TopBuild from $320.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. StockNews.com upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Evercore ISI lifted their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $401.40.

About TopBuild

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.