State Board of Administration of Florida Retirement System Has $2.08 Million Stake in TopBuild Corp. (BLD)
State Board of Administration of Florida Retirement System grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,939 shares of the construction company’s stock after purchasing an additional 5,144 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.09% of TopBuild Corp. worth $2,081,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of TopBuild Corp. by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,287,047 shares of the construction company’s stock valued at $154,490,000 after purchasing an additional 139,066 shares during the period. FMR LLC lifted its stake in TopBuild Corp. by 7.2% in the second quarter. FMR LLC now owns 2,869,266 shares of the construction company’s stock worth $152,272,000 after acquiring an additional 193,582 shares during the period. Dimensional Fund Advisors LP lifted its stake in TopBuild Corp. by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,360,626 shares of the construction company’s stock worth $125,278,000 after acquiring an additional 164,591 shares during the period. State Street Corp lifted its stake in TopBuild Corp. by 10.2% in the second quarter. State Street Corp now owns 1,128,570 shares of the construction company’s stock worth $59,890,000 after acquiring an additional 104,562 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in TopBuild Corp. by 12.4% in the second quarter. Goldman Sachs Group Inc. now owns 1,109,157 shares of the construction company’s stock worth $58,863,000 after acquiring an additional 122,281 shares during the period. 95.86% of the stock is owned by hedge funds and other institutional investors.
Shares of TopBuild Corp. (BLD) opened at $63.04 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2,259.65, a price-to-earnings ratio of 24.91 and a beta of 0.62. TopBuild Corp. has a 52 week low of $35.31 and a 52 week high of $67.27.
TopBuild Corp. (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $489.04 million during the quarter, compared to the consensus estimate of $491.43 million. TopBuild Corp. had a return on equity of 9.88% and a net margin of 4.03%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. analysts expect that TopBuild Corp. will post 2.74 EPS for the current fiscal year.
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BLD has been the subject of a number of research analyst reports. ValuEngine raised TopBuild Corp. from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research raised TopBuild Corp. from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a research note on Thursday, August 10th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $75.00 price target on shares of TopBuild Corp. in a research note on Wednesday, October 4th. Nomura raised their price target on TopBuild Corp. from $58.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Finally, BidaskClub lowered TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. TopBuild Corp. presently has an average rating of “Buy” and an average price target of $60.67.
TopBuild Corp. Profile
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). Its Installation segment principally includes the sales and installation of insulation and other building products.
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