Retirement Systems of Alabama Has $22.15 Million Stake in TopBuild Corp. (NYSE:BLD)

Retirement Systems of Alabama grew its stake in TopBuild Corp. (NYSE:BLD) by 5.8% during the fourth quarter, HoldingsChannel reports. The firm owned 71,127 shares of the construction company’s stock after buying an additional 3,882 shares during the quarter. Retirement Systems of Alabama’s holdings in TopBuild were worth $22,145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its position in TopBuild by 10.3% in the third quarter. CWM LLC now owns 387 shares of the construction company’s stock valued at $157,000 after buying an additional 36 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after acquiring an additional 62 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of TopBuild by 20.1% in the 3rd quarter. Ritholtz Wealth Management now owns 1,899 shares of the construction company’s stock valued at $773,000 after acquiring an additional 318 shares during the last quarter. Mezzasalma Advisors LLC boosted its holdings in shares of TopBuild by 6.4% during the 3rd quarter. Mezzasalma Advisors LLC now owns 7,225 shares of the construction company’s stock valued at $2,939,000 after acquiring an additional 434 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. increased its holdings in TopBuild by 7.8% in the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 38,213 shares of the construction company’s stock worth $15,545,000 after purchasing an additional 2,758 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

BLD stock opened at $339.23 on Friday. 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 cap of $10.01 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 2.05 and a beta of 1.85. The company’s fifty day simple moving average is $339.18 and its 200 day simple moving average is $372.57. TopBuild Corp. has a 12-month low of $302.70 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business earned $5.43 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. On average, analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analysts Set New Price Targets

BLD has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. DA Davidson cut their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $437.00.

TopBuild 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.