TopBuild Corp. (NYSE:BLD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 15.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,152 shares of the construction company's stock after selling 9,272 shares during the quarter. New York State Common Retirement Fund owned approximately 0.15% of TopBuild worth $19,996,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Lazard Asset Management LLC raised its position in shares of TopBuild by 18.2% during the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company's stock valued at $74,228,000 after acquiring an additional 25,973 shares during the last quarter. Forge First Asset Management Inc. acquired a new stake in TopBuild during the 1st quarter valued at $16,158,000. Nordea Investment Management AB grew its stake in TopBuild by 4,820.9% in the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company's stock valued at $12,825,000 after buying an additional 28,395 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in TopBuild by 12.1% during the 1st quarter. Russell Investments Group Ltd. now owns 36,140 shares of the construction company's stock worth $15,928,000 after purchasing an additional 3,899 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in TopBuild by 4.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,534 shares of the construction company's stock worth $35,935,000 after acquiring an additional 3,231 shares during the period. Institutional investors own 95.67% of the company's stock.

Analysts Set New Price Targets

BLD has been the subject of several recent analyst reports. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Jefferies Financial Group dropped their target price on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. Evercore ISI upped their target price on TopBuild from $489.00 to $491.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. DA Davidson cut their price target on TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, Stephens dropped their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $446.89.

TopBuild Price Performance

Shares of TopBuild stock traded up $15.58 during trading hours on Tuesday, hitting $377.71. The company's stock had a trading volume of 756,173 shares, compared to its average volume of 287,192. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. TopBuild Corp. has a 12-month low of $260.63 and a 12-month high of $495.68. The business has a 50 day moving average price of $386.22 and a two-hundred day moving average price of $399.74. The company has a market cap of $11.39 billion, a PE ratio of 19.80, a PEG ratio of 2.21 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm earned $5.25 EPS. The company's revenue was up 3.7% on a year-over-year basis. Analysts expect that TopBuild Corp. will post 21.03 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.