Arizona State Retirement System Sells 408 Shares of TopBuild Corp. (NYSE:BLD)

Arizona State Retirement System cut its holdings in shares of TopBuild Corp. (NYSE:BLD) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,755 shares of the construction company’s stock after selling 408 shares during the period. Arizona State Retirement System’s holdings in TopBuild were worth $2,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BLD. Winch Advisory Services LLC acquired a new position in TopBuild in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild during the 3rd quarter valued at $31,000. V Square Quantitative Management LLC lifted its stake in shares of TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares during the period. Finally, Kennebec Savings Bank bought a new position in shares of TopBuild in the 3rd quarter worth $45,000. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. The Goldman Sachs Group reduced their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $411.78.

TopBuild Stock Up 1.0 %

Shares of BLD stock opened at $308.51 on Monday. TopBuild Corp. has a 12-month low of $288.31 and a 12-month 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. The firm has a fifty day moving average of $325.00 and a 200-day moving average of $357.09. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $4.69 EPS. The company’s revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

TopBuild Company 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.