Louisiana State Employees Retirement System Sells 600 Shares of TopBuild Corp. (NYSE:BLD)

Louisiana State Employees Retirement System cut its holdings in shares of TopBuild Corp. (NYSE:BLD) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,300 shares of the construction company’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in TopBuild were worth $3,377,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BLD. Wealth Enhancement Advisory Services LLC grew its stake in shares of TopBuild by 25.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,913 shares of the construction company’s stock worth $843,000 after purchasing an additional 390 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild in the first quarter valued at about $31,000. Narus Financial Partners LLC bought a new position in shares of TopBuild during the first quarter worth about $220,000. State of Michigan Retirement System raised its position in shares of TopBuild by 1.3% during the first quarter. State of Michigan Retirement System now owns 7,757 shares of the construction company’s stock worth $3,419,000 after acquiring an additional 100 shares during the last quarter. Finally, Monument Capital Management bought a new stake in TopBuild in the first quarter valued at approximately $2,824,000. 95.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on BLD. Stephens lowered their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Jefferies Financial Group lowered their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Truist Financial decreased their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Evercore ISI raised their target price on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $446.89.

TopBuild Stock Performance

Shares of BLD opened at $367.16 on Monday. TopBuild Corp. has a one year low of $217.08 and a one year high of $495.68. The company has a market cap of $11.68 billion, a PE ratio of 18.51, a P/E/G ratio of 2.45 and a beta of 1.77. The stock has a 50-day moving average of $390.06 and a 200-day moving average of $401.69. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the business posted $5.25 EPS. The company’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts predict that TopBuild Corp. will post 21.08 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.