South Dakota Investment Council Lowers Stock Position in TopBuild Corp. (NYSE:BLD)

South Dakota Investment Council reduced its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 31.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,832 shares of the construction company's stock after selling 2,700 shares during the quarter. South Dakota Investment Council's holdings in TopBuild were worth $2,183,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of TopBuild by 13.8% in the 3rd quarter. FMR LLC now owns 1,100,719 shares of the construction company's stock valued at $276,941,000 after acquiring an additional 133,835 shares during the period. Invesco Ltd. increased its holdings in shares of TopBuild by 3.9% in the 3rd quarter. Invesco Ltd. now owns 880,779 shares of the construction company's stock valued at $221,604,000 after acquiring an additional 32,771 shares during the period. William Blair Investment Management LLC purchased a new position in shares of TopBuild in the 3rd quarter valued at $95,147,000. Adage Capital Partners GP L.L.C. increased its holdings in shares of TopBuild by 83.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 275,000 shares of the construction company's stock valued at $69,190,000 after acquiring an additional 125,000 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of TopBuild by 1.8% in the 3rd quarter. Northern Trust Corp now owns 265,856 shares of the construction company's stock valued at $66,889,000 after acquiring an additional 4,811 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stephens reiterated an "equal weight" rating and issued a $425.00 price target on shares of TopBuild in a report on Tuesday. Loop Capital upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Monday, January 8th. Truist Financial downgraded TopBuild from a "buy" rating to a "hold" rating and boosted their target price for the stock from $290.00 to $410.00 in a research note on Thursday, January 4th. Benchmark boosted their target price on TopBuild from $320.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Finally, DA Davidson initiated coverage on TopBuild in a research note on Tuesday, March 5th. They set a "buy" rating and a $470.00 target price on the stock. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $418.90.

TopBuild Stock Performance

Shares of BLD stock traded up $2.34 on Thursday, hitting $390.61. The company had a trading volume of 238,514 shares, compared to its average volume of 258,025. The firm has a market cap of $12.43 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.17 and a beta of 1.66. The company has a 50-day moving average price of $412.55 and a 200-day moving average price of $352.36. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. TopBuild Corp. has a twelve month low of $199.31 and a twelve month high of $452.87.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.40 EPS. As a group, equities research analysts predict that TopBuild Corp. will post 21.02 earnings per share for the current fiscal year.

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.