California Public Employees Retirement System Has $18.37 Million Holdings in TopBuild Corp. (NYSE:BLD)

California Public Employees Retirement System decreased its stake in TopBuild Corp. (NYSE:BLD) by 5.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 58,988 shares of the construction company’s stock after selling 3,381 shares during the period. California Public Employees Retirement System’s holdings in TopBuild were worth $18,365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of TopBuild in the 3rd quarter valued at approximately $45,000. Holocene Advisors LP acquired a new stake in TopBuild in the third quarter worth $3,600,000. Point72 Asset Management L.P. boosted its position in shares of TopBuild by 0.5% during the third quarter. Point72 Asset Management L.P. now owns 91,121 shares of the construction company’s stock worth $37,069,000 after purchasing an additional 473 shares in the last quarter. Point72 DIFC Ltd grew its holdings in shares of TopBuild by 1.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company’s stock valued at $1,031,000 after buying an additional 46 shares during the period. Finally, Royal London Asset Management Ltd. increased its position in shares of TopBuild by 1.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 100,171 shares of the construction company’s stock valued at $40,751,000 after buying an additional 1,684 shares in the last quarter. 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 analyst reports. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild in a research note on Tuesday. They issued a “buy” rating and a $356.00 price target on the stock. Loop Capital lowered their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group cut their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $398.56.

TopBuild Price Performance

NYSE:BLD opened at $303.28 on Friday. TopBuild Corp. has a 52-week low of $272.24 and a 52-week high of $495.68. The company has a market cap of $8.87 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.82 and a beta of 1.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock’s 50-day simple moving average is $314.95 and its 200 day simple moving average is $346.79.

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

About TopBuild

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.