TopBuild Corp. (NYSE:BLD) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lowered its holdings in shares of TopBuild Corp. (NYSE:BLD) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,008 shares of the construction company’s stock after selling 135 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in TopBuild were worth $1,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its position in shares of TopBuild by 3.6% in the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock valued at $374,000 after buying an additional 32 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of TopBuild by 0.6% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $2,181,000 after buying an additional 33 shares during the last quarter. Atlanta Consulting Group Advisors LLC raised its position in shares of TopBuild by 1.5% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock valued at $1,098,000 after buying an additional 39 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of TopBuild by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock valued at $1,712,000 after buying an additional 41 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BLD. Truist Financial dropped their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday. The Goldman Sachs Group dropped their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday. Loop Capital dropped their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $422.33.

TopBuild Price Performance

BLD opened at $306.44 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. TopBuild Corp. has a 52-week low of $295.19 and a 52-week high of $495.68. The company has a 50 day moving average of $326.00 and a two-hundred day moving average of $360.03. The company has a market cap of $9.04 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.82 and a beta of 1.85.

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

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.