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

Retirement Systems of Alabama grew its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 71,127 shares of the construction company's stock after acquiring an additional 3,882 shares during the quarter. Retirement Systems of Alabama owned about 0.24% of TopBuild worth $22,145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC lifted its position in TopBuild by 10.3% in the third quarter. CWM LLC now owns 387 shares of the construction company's stock worth $157,000 after buying an additional 36 shares during the last quarter. UMB Bank n.a. lifted its position in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after buying an additional 62 shares during the last quarter. Ritholtz Wealth Management lifted its position in TopBuild by 20.1% in the third quarter. Ritholtz Wealth Management now owns 1,899 shares of the construction company's stock worth $773,000 after buying an additional 318 shares during the last quarter. Mezzasalma Advisors LLC lifted its position in TopBuild by 6.4% in the third quarter. Mezzasalma Advisors LLC now owns 7,225 shares of the construction company's stock worth $2,939,000 after buying an additional 434 shares during the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. lifted its position in TopBuild by 7.8% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 38,213 shares of the construction company's stock worth $15,545,000 after buying an additional 2,758 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Up 1.4 %

Shares of TopBuild stock traded up $4.52 during trading on Monday, hitting $331.12. 86,180 shares of the stock traded hands, compared to its average volume of 266,273. The stock's fifty day simple moving average is $337.91 and its 200 day simple moving average is $370.63. TopBuild Corp. has a 52-week low of $302.70 and a 52-week high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $9.77 billion, a P/E ratio of 16.71, a price-to-earnings-growth ratio of 2.03 and a beta of 1.85.

Analyst Ratings Changes

A number of analysts recently issued reports on BLD shares. Evercore ISI downgraded TopBuild from an "outperform" rating to an "inline" rating and lowered their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. 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, Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $437.00.

About TopBuild

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.