California Public Employees Retirement System Has $23.49 Million Holdings in TopBuild Corp. (NYSE:BLD)

California Public Employees Retirement System lessened its holdings in TopBuild Corp. (NYSE:BLD) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,761 shares of the construction company’s stock after selling 1,930 shares during the period. California Public Employees Retirement System’s holdings in TopBuild were worth $23,489,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in shares of TopBuild in the 4th quarter valued at $28,000. BluePath Capital Management LLC bought a new position in TopBuild in the 3rd quarter worth $30,000. Nomura Asset Management Co. Ltd. lifted its position in TopBuild by 37.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock worth $40,000 after acquiring an additional 43 shares during the last quarter. Headlands Technologies LLC acquired a new position in TopBuild during the 3rd quarter worth $44,000. Finally, Cullen Frost Bankers Inc. acquired a new position in TopBuild during the 3rd quarter worth $75,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Bank of America boosted their target price on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. The Goldman Sachs Group boosted their target price on shares of TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Loop Capital raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Benchmark boosted their target price on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.90.

TopBuild Stock Up 4.0 %

Shares of BLD opened at $407.08 on Monday. The company has a 50-day simple moving average of $412.85 and a 200-day simple moving average of $355.14. The firm has a market capitalization of $12.95 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.97 and a beta of 1.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. TopBuild Corp. has a 52 week low of $199.31 and a 52 week high of $452.87.

TopBuild (NYSE:BLD) last posted its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, beating analysts’ consensus estimates of $4.60 by $0.09. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.40 earnings per share. On average, equities research analysts expect that TopBuild Corp. will post 21.02 earnings per share for the current 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.