New York State Teachers Retirement System Reduces Stock Position in TopBuild Corp. (NYSE:BLD)

Posted by on Apr 15th, 2023

New York State Teachers Retirement System cut its holdings in shares of TopBuild Corp. (NYSE:BLD – Get Rating) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,376 shares of the construction company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of TopBuild worth $7,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ronald Blue Trust Inc. increased its holdings in TopBuild by 122.1% during the 4th quarter. Ronald Blue Trust Inc. now owns 151 shares of the construction company’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in TopBuild during the 3rd quarter worth approximately $29,000. Ellevest Inc. bought a new stake in shares of TopBuild in the 3rd quarter valued at approximately $37,000. Covestor Ltd increased its holdings in shares of TopBuild by 118.0% in the 1st quarter. Covestor Ltd now owns 279 shares of the construction company’s stock valued at $51,000 after acquiring an additional 151 shares during the last quarter. Finally, Wipfli Financial Advisors LLC bought a new stake in shares of TopBuild in the 3rd quarter valued at approximately $70,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BLD. StockNews.com began coverage on TopBuild in a report on Thursday, March 16th. They issued a “buy” rating for the company. KeyCorp boosted their price objective on TopBuild from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Finally, Deutsche Bank Aktiengesellschaft raised TopBuild from a “hold” rating to a “buy” rating and increased their price target for the stock from $201.00 to $227.00 in a research note on Tuesday, January 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $214.00.

TopBuild Trading Up 0.8 %

Shares of BLD stock opened at $201.68 on Friday. The stock has a 50-day simple moving average of $198.07 and a 200 day simple moving average of $176.96. TopBuild Corp. has a fifty-two week low of $140.66 and a fifty-two week high of $221.38. The stock has a market capitalization of $6.40 billion, a P/E ratio of 11.75 and a beta of 1.50. The company has a quick ratio of 1.41, a current ratio of 1.96 and a debt-to-equity ratio of 0.74.

TopBuild (NYSE:BLD – Get Rating) last announced its earnings results on Thursday, February 23rd. The construction company reported $4.40 EPS for the quarter, beating the consensus estimate of $4.02 by $0.38. TopBuild had a return on equity of 30.81% and a net margin of 11.10%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business posted $3.12 earnings per share. TopBuild’s revenue was up 22.2% compared to the same quarter last year. On average, sell-side analysts expect that TopBuild Corp. will post 15.62 earnings per share for the current fiscal year.

TopBuild Profile

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TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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