Public Employees Retirement Association of Colorado Trims Position in TopBuild Corp. (NYSE:BLD)

Public Employees Retirement Association of Colorado lowered its position in TopBuild Corp. (NYSE:BLD) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,847 shares of the construction company’s stock after selling 316 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.10% of TopBuild worth $9,604,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. TT International Asset Management LTD grew its holdings in shares of TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after purchasing an additional 4,694 shares during the period. Van ECK Associates Corp grew its holdings in shares of TopBuild by 57.8% in the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock valued at $10,160,000 after purchasing an additional 11,948 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of TopBuild by 14.1% in the third quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company’s stock valued at $34,828,000 after purchasing an additional 10,612 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of TopBuild by 51.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 47,159 shares of the construction company’s stock valued at $14,682,000 after purchasing an additional 16,090 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in shares of TopBuild by 18.4% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 35,562 shares of the construction company’s stock valued at $11,052,000 after purchasing an additional 5,517 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on BLD shares. Truist Financial decreased their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Loop Capital decreased their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Benchmark decreased their target price on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a “buy” rating and a $356.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $398.56.

TopBuild Stock Up 0.2 %

Shares of NYSE:BLD opened at $297.29 on Tuesday. The firm’s 50 day moving average price is $298.84 and its 200 day moving average price is $332.47. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. 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 (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.69 earnings per share. As a group, equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal 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.