Illinois Municipal Retirement Fund Boosts Stock Holdings in TopBuild Corp. $BLD

Illinois Municipal Retirement Fund grew its position in shares of TopBuild Corp. (NYSE:BLD) by 33.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,113 shares of the construction company’s stock after buying an additional 1,785 shares during the period. Illinois Municipal Retirement Fund’s holdings in TopBuild were worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd acquired a new position in shares of TopBuild in the fourth quarter worth about $4,919,000. Emissary Wealth LLC acquired a new stake in shares of TopBuild during the 4th quarter valued at about $1,109,000. SG Americas Securities LLC grew its position in shares of TopBuild by 144.7% during the 4th quarter. SG Americas Securities LLC now owns 33,204 shares of the construction company’s stock valued at $13,852,000 after acquiring an additional 19,636 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of TopBuild by 1,058.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 9,265 shares of the construction company’s stock valued at $3,621,000 after purchasing an additional 8,465 shares in the last quarter. Finally, Spire Wealth Management increased its stake in shares of TopBuild by 3,846.1% in the 4th quarter. Spire Wealth Management now owns 10,023 shares of the construction company’s stock valued at $4,181,000 after purchasing an additional 9,769 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of TopBuild stock opened at $354.53 on Monday. The business has a 50 day simple moving average of $394.83 and a two-hundred day simple moving average of $423.43. TopBuild Corp. has a 12 month low of $321.67 and a 12 month high of $559.47. The stock has a market capitalization of $9.94 billion, a P/E ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business posted $4.63 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. As a group, analysts predict that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $496.00 price target (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Wells Fargo & Company reduced their target price on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Loop Capital downgraded TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price for the company. in a research note on Wednesday, May 6th. Finally, Evercore set a $360.00 target price on TopBuild in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, TopBuild currently has an average rating of “Hold” and a consensus target price of $465.00.

TopBuild Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.