Retirement Systems of Alabama Purchases 52 Shares of TopBuild Corp. (NYSE:BLD)


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Retirement Systems of Alabama lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 0.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,598 shares of the construction company’s stock after purchasing an additional 52 shares during the period. Retirement Systems of Alabama owned 0.26% of TopBuild worth $17,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. increased its stake in shares of TopBuild by 0.9% in the 4th quarter. BlackRock Inc. now owns 4,097,885 shares of the construction company’s stock valued at $754,341,000 after purchasing an additional 34,924 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of TopBuild by 80.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,222,284 shares of the construction company’s stock valued at $224,998,000 after acquiring an additional 545,990 shares in the last quarter. Norges Bank acquired a new stake in shares of TopBuild during the 4th quarter valued at $68,665,000. Ardevora Asset Management LLP acquired a new stake in shares of TopBuild during the 4th quarter valued at $62,477,000. Finally, Boston Trust Walden Corp boosted its holdings in shares of TopBuild by 382.4% during the 4th quarter. Boston Trust Walden Corp now owns 303,860 shares of the construction company’s stock valued at $55,934,000 after acquiring an additional 240,871 shares in the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

TopBuild stock opened at $221.96 on Wednesday. TopBuild Corp. has a 12 month low of $72.12 and a 12 month high of $235.50. The company has a current ratio of 1.91, a quick ratio of 1.62 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $208.72 and its 200 day simple moving average is $192.99. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 33.38 and a beta of 1.61.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Monday, February 22nd. The construction company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.90 by $0.25. TopBuild had a return on equity of 18.32% and a net margin of 8.36%. The business had revenue of $721.49 million for the quarter, compared to the consensus estimate of $714.26 million. During the same quarter in the prior year, the business earned $1.48 earnings per share. TopBuild’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that TopBuild Corp. will post 6.97 earnings per share for the current fiscal year.

BLD has been the topic of several recent research reports. Zacks Investment Research downgraded TopBuild from a “buy” rating to a “hold” rating and set a $191.00 price objective on the stock. in a report on Tuesday, January 5th. KeyCorp raised their price objective on TopBuild from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, February 23rd. BTIG Research raised their price objective on TopBuild from $236.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, April 14th. Truist lifted their target price on TopBuild from $184.00 to $232.00 in a report on Wednesday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price on TopBuild from $210.00 to $215.00 and gave the stock an “underweight” rating in a report on Tuesday, April 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $179.14.

In other TopBuild news, CFO John S. Peterson sold 9,547 shares of the stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $200.00, for a total transaction of $1,909,400.00. Also, insider Steven P. Raia sold 180 shares of the stock in a transaction on Monday, March 15th. The stock was sold at an average price of $201.53, for a total value of $36,275.40. Following the sale, the insider now owns 3,651 shares in the company, valued at approximately $735,786.03. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

About TopBuild

TopBuild Corp. installs and distributes insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers insulation products, rain gutters, glass and windows, afterpaint products, fireproofing and firestopping products, garage doors, fireplaces, closet shelving, roofing materials, accessories, and other products; and insulation installation services.

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Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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