California Public Employees Retirement System sells 1,814 shares of TopBuild Corp. (NYSE: BLD)


The California Public Employees Retirement System downgraded its TopBuild Corp. position. (NYSE: BLD – Get Rating) increased 2.5% in the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,065 shares of the construction company’s stock after selling 1,814 shares during the quarter. The California Public Employees Retirement System owned about 0.21% of TopBuild worth $12,709,000 as of the most recent SEC filings.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLD. UMB Bank NA MO bought a new position in TopBuild during the fourth quarter valued at $31,000. National Bank of Canada FI purchased a new position in TopBuild during the fourth quarter valued at $34,000. Covestor Ltd bought a new location in TopBuild during the fourth quarter valued at $36000. First Horizon Advisors Inc. Its position in TopBuild increased by 54.8% during the fourth quarter. First Horizon Advisors Inc. Now 178 shares of the construction company’s stock are valued at $48,000 after purchasing an additional 63 shares during this period. Finally, CWM LLC consolidated its position in TopBuild by 43.9% during the first quarter. CWM LLC now owns 269 shares of the construction company’s stock valued at $49,000 after purchasing an additional 82 shares during the period. 96.91% of the shares are owned by institutional investors.

Analyst rating changes

BLD has been the subject of a number of recent research reports. Zelman & Associates lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co lowered its price target for TopBuild shares from $209.00 to $190.00 in a research report on Friday, July 15th. Finally, Trust Financial boosted its price target for TopBuild shares from $225.00 to $242.00 in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat data, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.38.

TopBuild stock fell 5.1%.

NYSE BLD shares opened at $196.63 on Friday. The company has a trading ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $6.45 billion, a price-earnings ratio of 14.98 and a beta of 1.54. TopBuild Corp had a 12-month low of $150.71 and a 12-month high of $284.07. The 50-day moving average is $184.27 and the two hundred-day moving average is $197.00.
TopBuild (NYSE: BLD – Get Rating) released its latest quarterly earnings results on Tuesday, August 2nd. The construction company reported earnings of $4.43 per share for the quarter, topping the consensus estimate of $3.72 by $0.71. Revenue was $1.27 billion for the previous quarter, compared to analyst expectations of $1.18 billion. TopBuild had a return on equity of 27.78% and a net margin of 9.93%. Business quarterly revenue increased 52.7% compared to the same quarter last year. During the same period in the previous year, the company reported earnings of $2.76 per share. As a group, analysts expect TopBuild Corp to report 15.13 earnings per share for the current fiscal year.

Profile TopBuild

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TopBuild Corp. and its subsidiaries are involved in the installation and distribution of insulation materials and other building products to the construction industry. The company operates in two divisions, installation and specialty distribution. Provides insulation products and accessories, glass and windows, rain gutters, post-coating products, fire-retardant products, garage doors, fireplaces, cabinet racks, roofing materials, and other products; Insulation installation services.

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Institutional Ownership by Quarter, TopBuild Corporation (NYSE: BLD)



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