Strs Ohio Sells 1,420 Shares of TopBuild Corp. (NYSE:BLD)

Strs Ohio lessened its stake in shares of TopBuild Corp. (NYSE:BLD) by 25.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,230 shares of the construction company’s stock after selling 1,420 shares during the period. Strs Ohio’s holdings in TopBuild were worth $1,583,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BLD. Contravisory Investment Management Inc. purchased a new stake in TopBuild during the fourth quarter valued at $28,000. BluePath Capital Management LLC purchased a new position in TopBuild during the 3rd quarter valued at $30,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of TopBuild by 37.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock worth $40,000 after purchasing an additional 43 shares during the last quarter. Headlands Technologies LLC bought a new position in TopBuild in the 3rd quarter worth about $44,000. Finally, Ronald Blue Trust Inc. grew its stake in TopBuild by 75.2% in the third quarter. Ronald Blue Trust Inc. now owns 184 shares of the construction company’s stock worth $49,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BLD. Benchmark increased their target price on TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, March 1st. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Evercore ISI raised their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group lifted their price target on TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $401.40.

TopBuild Stock Down 1.4 %

NYSE BLD opened at $384.32 on Monday. TopBuild Corp. has a one year low of $199.31 and a one year high of $452.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. The business has a fifty day moving average price of $412.70 and a 200 day moving average price of $350.05. The company has a market cap of $12.23 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last released its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the company posted $4.40 EPS. Research analysts anticipate that TopBuild Corp. will post 21.01 EPS for the current fiscal 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.