TopBuild Corp. (NYSE:BLD) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in TopBuild Corp. (NYSE:BLD) by 8.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 30,706 shares of the construction company’s stock after selling 3,000 shares during the period. New York State Teachers Retirement System owned about 0.10% of TopBuild worth $9,364,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company’s stock valued at $57,000 after purchasing an additional 132 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in TopBuild in the 4th quarter valued at about $81,000. UMB Bank n.a. lifted its position in TopBuild by 144.2% in the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company’s stock valued at $103,000 after purchasing an additional 199 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in TopBuild by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 358 shares of the construction company’s stock valued at $109,000 after purchasing an additional 66 shares during the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the sale, the insider directly owned 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is owned by insiders.

TopBuild Stock Up 0.7%

NYSE BLD opened at $347.63 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The company’s 50 day simple moving average is $302.24 and its 200 day simple moving average is $309.25. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68. The company has a market capitalization of $9.94 billion, a P/E ratio of 17.58, a PEG ratio of 3.49 and a beta of 1.64.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm earned $4.81 EPS. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BLD. DA Davidson cut their price objective on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Stephens cut their price objective on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. 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 price objective on the stock. Finally, Loop Capital dropped their price target on shares of TopBuild from $370.00 to $360.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $380.22.

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.