Illinois Municipal Retirement Fund Buys New Shares in TopBuild Corp. (NYSE:BLD)

Illinois Municipal Retirement Fund bought a new stake in shares of TopBuild Corp. (NYSE:BLD) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,454 shares of the construction company’s stock, valued at approximately $918,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Contravisory Investment Management Inc. bought a new stake in TopBuild in the 4th quarter worth $28,000. BluePath Capital Management LLC bought a new stake in TopBuild in the 3rd quarter worth $30,000. Nomura Asset Management Co. Ltd. grew its holdings in TopBuild by 37.1% in 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 bought a new stake in TopBuild in the 3rd quarter worth $44,000. Finally, Cullen Frost Bankers Inc. bought a new stake in TopBuild in the 3rd quarter worth $75,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 4.0 %

Shares of TopBuild stock opened at $407.08 on Monday. 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 stock has a market capitalization of $12.95 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 2.97 and a beta of 1.66. TopBuild Corp. has a 52-week low of $199.31 and a 52-week high of $452.87. The company has a 50-day simple moving average of $412.85 and a two-hundred day simple moving average of $355.14.

TopBuild (NYSE:BLD) last issued its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.09. The business had revenue of $1.29 billion during 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 business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.40 earnings per share. On average, analysts anticipate that TopBuild Corp. will post 21.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLD has been the subject of several research analyst reports. 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 research report on Tuesday, April 2nd. Bank of America raised 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. Benchmark raised 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. The Goldman Sachs Group raised 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. Finally, Truist Financial cut shares of TopBuild from a “buy” rating to a “hold” rating and raised their target price for the stock from $290.00 to $410.00 in a research report on Thursday, January 4th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $418.90.

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.