Teacher Retirement System of Texas Purchases 8,084 Shares of TopBuild Corp. (NYSE:BLD)

Teacher Retirement System of Texas boosted its holdings in TopBuild Corp. (NYSE:BLD) by 123.3% in the fourth quarter, HoldingsChannel reports. The institutional investor 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.

A number of other institutional investors and hedge funds have also bought and sold shares of BLD. Pathstone Holdings LLC raised its stake in TopBuild by 1.0% during the 3rd 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. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in TopBuild during the 3rd quarter valued at approximately $303,000. PNC Financial Services Group Inc. raised its position in shares of TopBuild by 9.2% during the third quarter. PNC Financial Services Group Inc. now owns 5,440 shares of the construction company’s stock valued at $2,213,000 after buying an additional 457 shares during the last quarter. Commerce Bank lifted its holdings in shares of TopBuild by 6.5% in the third quarter. Commerce Bank now owns 1,046 shares of the construction company’s stock worth $426,000 after buying an additional 64 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of TopBuild by 37.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after acquiring an additional 48,562 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Price Performance

NYSE:BLD opened at $315.74 on Tuesday. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 1.82 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The business has a 50 day simple moving average of $322.43 and a 200-day simple moving average of $350.56. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping the consensus estimate of $5.07 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.69 earnings per share. Equities analysts forecast that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Loop Capital reduced their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $403.88.

About TopBuild

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.