Retirement Systems of Alabama lessened its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,245 shares of the construction company's stock after selling 2,620 shares during the period. Retirement Systems of Alabama owned about 0.23% of TopBuild worth $27,356,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Pitcairn Co. lifted its position in TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock worth $903,000 after purchasing an additional 1,422 shares during the period. Nisa Investment Advisors LLC raised its position in shares of TopBuild by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company's stock valued at $5,493,000 after buying an additional 820 shares in the last quarter. Icon Wealth Advisors LLC raised its position in shares of TopBuild by 704.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock valued at $933,000 after buying an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after acquiring an additional 48,562 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of TopBuild by 72.0% during the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company's stock worth $4,600,000 after acquiring an additional 4,703 shares in the last quarter. 95.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
BLD has been the subject of several recent analyst reports. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday. Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. DA Davidson lowered their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Evercore ISI dropped their price target on TopBuild from $491.00 to $443.00 and set an "outperform" rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus price target of $440.44.
Check Out Our Latest Research Report on BLD
TopBuild Trading Down 3.6 %
Shares of TopBuild stock traded down $12.89 during midday trading on Friday, reaching $344.27. The company had a trading volume of 267,755 shares, compared to its average volume of 287,178. The stock has a fifty day moving average price of $375.48 and a 200 day moving average price of $393.05. TopBuild Corp. has a fifty-two week low of $340.13 and a fifty-two week high of $495.68. The firm has a market cap of $10.16 billion, a PE ratio of 17.37, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.
TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts' consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $5.43 EPS. On average, equities analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current year.
TopBuild Profile
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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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