TopBuild Corp. (NYSE:BLD) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,095 shares of the construction company's stock after purchasing an additional 13,542 shares during the quarter. Retirement Systems of Alabama owned 0.23% of TopBuild worth $27,731,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BLD. William Blair Investment Management LLC purchased a new stake in shares of TopBuild during the third quarter valued at $95,147,000. FMR LLC boosted its holdings in shares of TopBuild by 13.8% during 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 last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of TopBuild by 83.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 275,000 shares of the construction company's stock worth $69,190,000 after acquiring an additional 125,000 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of TopBuild by 112.2% during the third quarter. Qube Research & Technologies Ltd now owns 157,535 shares of the construction company's stock valued at $39,636,000 after purchasing an additional 83,286 shares during the last quarter. Finally, Invesco Ltd. raised 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 valued at $221,604,000 after purchasing an additional 32,771 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BLD shares. Benchmark increased their price target on TopBuild from $320.00 to $450.00 and gave the company a "buy" rating in a report on Friday, March 1st. Bank of America boosted their price target on TopBuild from $410.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a report on Saturday, April 6th. Truist Financial lowered shares of TopBuild from a "buy" rating to a "hold" rating and boosted their target price for the company from $290.00 to $410.00 in a research report on Thursday, January 4th. Finally, Stephens reiterated an "equal weight" rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $418.90.

TopBuild Price Performance

BLD stock traded up $7.03 during trading on Monday, reaching $414.11. The company's stock had a trading volume of 206,883 shares, compared to its average volume of 257,146. The company's fifty day moving average is $413.40 and its 200-day moving average is $356.37. TopBuild Corp. has a 1 year low of $199.31 and a 1 year high of $452.87. The company has a market capitalization of $13.18 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.97 and a beta of 1.66. 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 (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, topping analysts' consensus estimates of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the firm earned $4.40 EPS. The firm's revenue was up 1.7% compared to the same quarter last year. On average, research analysts expect that TopBuild Corp. will post 21.02 earnings per share for the current fiscal year.

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.