Retirement Systems of Alabama Has $27.36 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Retirement Systems of Alabama reduced its position in TopBuild Corp. (NYSE:BLD) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 67,245 shares of the construction company’s stock after selling 2,620 shares during the period. Retirement Systems of Alabama owned about 0.23% of TopBuild worth $27,356,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLD. Vaughan Nelson Investment Management L.P. bought a new position in shares of TopBuild in the third quarter valued at about $114,220,000. FMR LLC raised its holdings in TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after acquiring an additional 161,743 shares during the period. Jennison Associates LLC raised its holdings in TopBuild by 2,833.6% in the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after acquiring an additional 110,143 shares during the period. Natixis Advisors LLC acquired a new stake in TopBuild during the third quarter worth approximately $41,981,000. Finally, Liontrust Investment Partners LLP boosted its holdings in shares of TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after acquiring an additional 57,880 shares during the period. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the subject of a number of research reports. Jefferies Financial Group dropped their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. DA Davidson decreased their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Evercore ISI dropped their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Finally, Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Price Performance

TopBuild stock opened at $344.27 on Friday. The company has a market capitalization of $10.16 billion, a PE ratio of 17.37, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $375.48 and a two-hundred day moving average price of $393.12. TopBuild Corp. has a 12 month low of $340.13 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $5.43 earnings per share. TopBuild’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that TopBuild Corp. will post 20.95 EPS 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.