Teacher Retirement System of Texas Sells 3,696 Shares of TopBuild Corp. (NYSE:BLD)

Teacher Retirement System of Texas trimmed its position in TopBuild Corp. (NYSE:BLD) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,509 shares of the construction company’s stock after selling 3,696 shares during the period. Teacher Retirement System of Texas’ holdings in TopBuild were worth $3,933,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BLD. Harbor Investment Advisory LLC boosted its position in TopBuild by 6.5% during the 4th quarter. Harbor Investment Advisory LLC now owns 458 shares of the construction company’s stock worth $171,000 after acquiring an additional 28 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in TopBuild by 37.1% during 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. Greenleaf Trust grew its position in TopBuild by 4.1% in the fourth quarter. Greenleaf Trust now owns 1,133 shares of the construction company’s stock valued at $424,000 after purchasing an additional 45 shares in the last quarter. Xponance Inc. increased its stake in TopBuild by 1.2% in the 4th quarter. Xponance Inc. now owns 4,027 shares of the construction company’s stock valued at $1,507,000 after buying an additional 46 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in TopBuild by 3.6% during the 4th quarter. Arkadios Wealth Advisors now owns 1,712 shares of the construction company’s stock worth $641,000 after buying an additional 59 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BLD shares. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Stephens reissued an “equal weight” rating and issued a $425.00 target price on shares of TopBuild in a research note on Tuesday, April 23rd. Benchmark upped their price target on shares of TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. The Goldman Sachs Group lifted their price objective on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, DA Davidson began coverage on shares of TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus target price of $420.90.

Insiders Place Their Bets

In other news, CFO Robert M. Kuhns sold 540 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the sale, the chief financial officer now owns 15,928 shares of the company’s stock, valued at $6,475,209.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Robert M. Kuhns sold 540 shares of TopBuild stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the sale, the chief financial officer now directly owns 15,928 shares in the company, valued at $6,475,209.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Robert M. Buck sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $403.72, for a total value of $2,018,600.00. Following the sale, the chief executive officer now directly owns 71,968 shares in the company, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

TopBuild Stock Up 2.5 %

Shares of BLD opened at $419.95 on Wednesday. The firm’s 50-day simple moving average is $414.84 and its 200 day simple moving average is $370.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81. The firm has a market cap of $13.36 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.95 and a beta of 1.67. 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 Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.56 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.36 earnings per share. On average, analysts forecast that TopBuild Corp. will post 21.22 earnings per share for the current 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.