New York State Teachers Retirement System grew its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,706 shares of the construction company's stock after buying an additional 1,289 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of TopBuild worth $10,494,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. FMR LLC lifted its position in TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after buying an additional 161,743 shares during the last quarter. State Street Corp raised its stake in shares of TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock valued at $455,639,000 after acquiring an additional 34,911 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TopBuild by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company's stock worth $255,526,000 after acquiring an additional 12,909 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of TopBuild by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock worth $91,076,000 after purchasing an additional 11,762 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of TopBuild by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company's stock worth $94,955,000 after purchasing an additional 5,982 shares during the period. 95.67% of the stock is currently owned by institutional investors.
TopBuild Stock Down 5.5 %
Shares of BLD stock traded down $17.62 during mid-day trading on Friday, hitting $303.78. The stock had a trading volume of 504,945 shares, compared to its average volume of 276,566. TopBuild Corp. has a 12-month low of $302.27 and a 12-month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm's 50-day moving average is $328.57 and its two-hundred day moving average is $363.32. The firm has a market capitalization of $8.96 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.85.
Wall Street Analyst Weigh In
Several brokerages have issued reports on BLD. Seaport Res Ptn downgraded shares of TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and dropped their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. DA Davidson reduced their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $437.00.
View Our Latest Report on TopBuild
TopBuild Company Profile
(
Free Report)
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.
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