Teacher Retirement System of Texas Grows Stock Holdings in TopBuild Corp. (NYSE:BLD)

Teacher Retirement System of Texas grew its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 123.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,638 shares of the construction company's stock after purchasing an additional 8,084 shares during the quarter. Teacher Retirement System of Texas' holdings in TopBuild were worth $4,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sheaff Brock Investment Advisors LLC boosted its position in TopBuild by 0.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock valued at $1,681,000 after buying an additional 40 shares during the period. Pathstone Holdings LLC boosted its holdings in TopBuild by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company's stock valued at $1,712,000 after purchasing an additional 41 shares during the period. V Square Quantitative Management LLC increased its holdings in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares during the period. Point72 DIFC Ltd raised its position in TopBuild by 1.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company's stock valued at $1,031,000 after purchasing an additional 46 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of TopBuild by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Loop Capital reduced their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group lowered their target price on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Finally, Evercore ISI downgraded 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild presently has a consensus rating of "Moderate Buy" and a consensus target price of $403.88.

TopBuild Stock Performance

NYSE:BLD traded down $5.06 during trading hours on Friday, reaching $305.95. 369,054 shares of the company's stock were exchanged, compared to its average volume of 308,976. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.82 and a beta of 1.89. TopBuild Corp. has a 1-year low of $288.31 and a 1-year high of $495.68. The company has a 50-day moving average of $320.73 and a 200 day moving average of $349.70.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.69 EPS. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current 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.