Louisiana State Employees Retirement System Takes $3.33 Million Position in TopBuild Corp. (NYSE:BLD)

Louisiana State Employees Retirement System acquired a new stake in TopBuild Corp. (NYSE:BLD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,900 shares of the construction company's stock, valued at approximately $3,331,000.

A number of other hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of TopBuild by 13.8% during the third quarter. FMR LLC now owns 1,100,719 shares of the construction company's stock worth $276,941,000 after buying an additional 133,835 shares during the last quarter. State Street Corp grew its stake in shares of TopBuild by 0.8% during the second quarter. State Street Corp now owns 1,006,208 shares of the construction company's stock worth $267,671,000 after buying an additional 7,955 shares during the last quarter. Capital International Investors grew its stake in shares of TopBuild by 135.6% during the first quarter. Capital International Investors now owns 913,930 shares of the construction company's stock worth $165,778,000 after buying an additional 526,053 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of TopBuild by 3.9% during the third quarter. Invesco Ltd. now owns 880,779 shares of the construction company's stock worth $221,604,000 after purchasing an additional 32,771 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of TopBuild by 230.1% during the fourth quarter. Millennium Management LLC now owns 864,237 shares of the construction company's stock worth $135,244,000 after purchasing an additional 602,416 shares during the period. 95.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BLD has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of TopBuild from $419.00 to $429.00 and gave the company a "buy" rating in a report on Friday, March 1st. Benchmark boosted their target price on shares of TopBuild from $320.00 to $450.00 and gave the company a "buy" rating in a report on Friday, March 1st. Truist Financial lowered shares of TopBuild from a "buy" rating to a "hold" rating and upped their price objective for the company from $290.00 to $410.00 in a report on Thursday, January 4th. DA Davidson initiated coverage on shares of TopBuild in a report on Tuesday, March 5th. They set a "buy" rating and a $470.00 price objective on the stock. Finally, Loop Capital upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a report on Monday, January 8th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $401.40.

TopBuild Stock Down 1.7 %

Shares of NYSE:BLD traded down $6.96 during midday trading on Monday, hitting $411.04. 178,735 shares of the company's stock were exchanged, compared to its average volume of 246,731. TopBuild Corp. has a 12 month low of $198.82 and a 12 month high of $452.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The stock has a 50 day moving average price of $412.12 and a 200-day moving average price of $345.92. The company has a market cap of $13.08 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.28 and a beta of 1.66.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, beating analysts' consensus estimates of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $4.40 EPS. The company's revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that TopBuild Corp. will post 21.01 EPS for the current fiscal year.

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.