New York State Teachers Retirement System Sells 2,204 Shares of TopBuild Corp. $BLD

New York State Teachers Retirement System cut its position in TopBuild Corp. (NYSE:BLD) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,513 shares of the construction company’s stock after selling 2,204 shares during the quarter. New York State Teachers Retirement System’s holdings in TopBuild were worth $8,963,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in TopBuild during the 4th quarter worth $26,000. Advisory Services Network LLC acquired a new stake in shares of TopBuild in the third quarter valued at about $27,000. Parallel Advisors LLC increased its stake in shares of TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after purchasing an additional 25 shares during the period. Global Retirement Partners LLC increased its stake in shares of TopBuild by 310.5% in the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after purchasing an additional 59 shares during the period. Finally, First Horizon Corp lifted its position in shares of TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

TopBuild stock remained flat at $354.53 during trading hours on Tuesday. The stock has a fifty day simple moving average of $409.83 and a 200-day simple moving average of $428.06. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 52 week low of $321.67 and a 52 week high of $559.47. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.TopBuild’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.63 EPS. Research analysts predict that TopBuild Corp. will post 18.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BLD shares. Wells Fargo & Company decreased their target price on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. DA Davidson reaffirmed a “neutral” rating and issued a $437.00 price target (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Loop Capital lowered TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a report on Wednesday, May 6th. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Finally, UBS Group set a $440.00 price objective on shares of TopBuild in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, TopBuild has a consensus rating of “Hold” and an average target price of $460.00.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.