Louisiana State Employees Retirement System Has $615,000 Stake in TopBuild Corp. (BLD)
Louisiana State Employees Retirement System increased its stake in TopBuild Corp. (NYSE:BLD) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the company’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in TopBuild Corp. were worth $615,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. New York State Teachers Retirement System raised its stake in TopBuild Corp. by 11.1% in the second quarter. New York State Teachers Retirement System now owns 92,336 shares of the company’s stock worth $3,343,000 after buying an additional 9,200 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of TopBuild Corp. during the second quarter worth about $491,000. Independent Portfolio Consultants Inc. purchased a new stake in shares of TopBuild Corp. during the second quarter worth about $145,000. Capstone Asset Management Co. raised its stake in shares of TopBuild Corp. by 3.3% in the second quarter. Capstone Asset Management Co. now owns 11,461 shares of the company’s stock worth $415,000 after buying an additional 371 shares in the last quarter. Finally, Alpha Windward LLC purchased a new stake in shares of TopBuild Corp. during the second quarter worth about $419,000. 93.49% of the stock is owned by institutional investors.
Shares of TopBuild Corp. (NYSE:BLD) traded down 1.72% during midday trading on Friday, hitting $32.01. 213,898 shares of the company were exchanged. The company has a 50-day moving average price of $33.47 and a 200-day moving average price of $34.29. TopBuild Corp. has a 52-week low of $23.02 and a 52-week high of $38.94. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 11.83 and a beta of 0.18.
TopBuild Corp. (NYSE:BLD) last released its earnings results on Thursday, August 4th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.02. TopBuild Corp. had a net margin of 6.07% and a return on equity of 7.36%. The business earned $432 million during the quarter, compared to analyst estimates of $446.65 million. During the same period last year, the business posted $0.27 EPS. TopBuild Corp.’s revenue was up 6.8% compared to the same quarter last year. On average, analysts forecast that TopBuild Corp. will post ($0.15) EPS for the current year.
Separately, Zacks Investment Research lowered shares of TopBuild Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 8th.
About TopBuild Corp.
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). The Company’s Installation segment principally includes the sales and installation of insulation and other building products.
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