State Board of Administration of Florida Retirement System reduced its position in shares of TopBuild Corp. (NYSE:BLD – Get Rating) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,578 shares of the construction company’s stock after selling 440 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.10% of TopBuild worth $4,942,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its holdings in TopBuild by 0.9% in the 1st quarter. Hsbc Holdings PLC now owns 7,321 shares of the construction company’s stock worth $1,354,000 after purchasing an additional 66 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in TopBuild by 21.8% in the 4th quarter. Harbor Investment Advisory LLC now owns 425 shares of the construction company’s stock worth $67,000 after purchasing an additional 76 shares in the last quarter. Aurora Investment Counsel raised its holdings in TopBuild by 1.5% in the 3rd quarter. Aurora Investment Counsel now owns 5,140 shares of the construction company’s stock worth $847,000 after purchasing an additional 77 shares in the last quarter. Centaurus Financial Inc. raised its holdings in TopBuild by 2.0% in the 1st quarter. Centaurus Financial Inc. now owns 3,954 shares of the construction company’s stock worth $717,000 after purchasing an additional 79 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in TopBuild by 9.9% in the 3rd quarter. Van ECK Associates Corp now owns 913 shares of the construction company’s stock worth $150,000 after purchasing an additional 82 shares in the last quarter. 95.56% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on BLD. KeyCorp upped their target price on shares of TopBuild from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. StockNews.com began coverage on shares of TopBuild in a research report on Thursday, March 16th. They issued a “buy” rating on the stock. Loop Capital upped their target price on shares of TopBuild from $210.00 to $225.00 in a research report on Friday, May 5th. Finally, Stephens upped their target price on shares of TopBuild from $230.00 to $250.00 in a research report on Monday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $226.14.
TopBuild Price Performance
TopBuild (NYSE:BLD – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The construction company reported $4.36 earnings per share for the quarter, topping the consensus estimate of $4.06 by $0.30. TopBuild had a net margin of 11.31% and a return on equity of 30.52%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business earned $3.50 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 15.54 EPS for the current year.
Insider Transactions at TopBuild
In other TopBuild news, Director Tina Donikowski sold 1,480 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $212.13, for a total transaction of $313,952.40. Following the sale, the director now owns 4,400 shares in the company, valued at approximately $933,372. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other TopBuild news, insider Robert Jeffrey Franklin sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $212.97, for a total transaction of $212,970.00. Following the sale, the insider now owns 19,091 shares in the company, valued at approximately $4,065,810.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tina Donikowski sold 1,480 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $212.13, for a total transaction of $313,952.40. Following the sale, the director now owns 4,400 shares in the company, valued at approximately $933,372. The disclosure for this sale can be found here. Insiders have sold 8,703 shares of company stock worth $1,852,421 in the last quarter. Company insiders own 0.46% of the company’s stock.
About TopBuild
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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