Texas Permanent School Fund cut its holdings in TopBuild Corp (NYSE:BLD) by 7.4% in the 4th quarter, Holdings Channel reports. The fund owned 24,025 shares of the construction company’s stock after selling 1,922 shares during the period. Texas Permanent School Fund’s holdings in TopBuild were worth $1,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Acadian Asset Management LLC raised its holdings in TopBuild by 37,219.4% in the 4th quarter. Acadian Asset Management LLC now owns 26,870 shares of the construction company’s stock valued at $2,036,000 after acquiring an additional 26,798 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in TopBuild by 12.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 223,796 shares of the construction company’s stock valued at $16,951,000 after acquiring an additional 24,921 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in TopBuild by 6.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the construction company’s stock valued at $1,159,000 after acquiring an additional 900 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in TopBuild by 99.5% in the 4th quarter. Sheets Smith Wealth Management now owns 9,737 shares of the construction company’s stock valued at $737,000 after acquiring an additional 4,857 shares during the last quarter. Finally, Shelton Capital Management acquired a new position in TopBuild in the 3rd quarter valued at $234,000. Institutional investors own 94.75% of the company’s stock.

BLD has been the subject of several analyst reports. ValuEngine upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Tuesday, January 16th. Nomura upgraded TopBuild from a “neutral” rating to a “buy” rating and boosted their price target for the company from $69.00 to $78.00 in a report on Monday, December 18th. Jefferies Group initiated coverage on TopBuild in a report on Tuesday, December 12th. They issued a “buy” rating and a $79.00 price target for the company. Finally, KeyCorp reiterated an “overweight” rating on shares of TopBuild in a report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. TopBuild currently has a consensus rating of “Buy” and an average price target of $68.43.

Shares of TopBuild Corp (NYSE BLD) opened at $68.68 on Friday. The company has a market capitalization of $2,582.71, a price-to-earnings ratio of 33.83 and a beta of 0.51. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. TopBuild Corp has a twelve month low of $36.73 and a twelve month high of $78.64.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $489.04 million during the quarter, compared to the consensus estimate of $491.43 million. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. research analysts predict that TopBuild Corp will post 2.75 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Texas Permanent School Fund Has $1.82 Million Holdings in TopBuild Corp (BLD)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/texas-permanent-school-fund-has-1-82-million-holdings-in-topbuild-corp-bld/1854408.html.

TopBuild Company Profile

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

Want to see what other hedge funds are holding BLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TopBuild Corp (NYSE:BLD).

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.