TopBuild Corp. (NYSE:BLD) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,008 shares of the construction company’s stock after selling 135 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in TopBuild were worth $1,871,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc raised its stake in TopBuild by 8.8% during the 4th quarter. IFP Advisors Inc now owns 1,015 shares of the construction company’s stock worth $316,000 after acquiring an additional 82 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in TopBuild by 124.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 2,279 shares of the construction company’s stock valued at $710,000 after purchasing an additional 1,265 shares during the period. Union Bancaire Privee UBP SA acquired a new position in TopBuild in the fourth quarter valued at $1,450,000. Navellier & Associates Inc. increased its stake in TopBuild by 4.9% in the fourth quarter. Navellier & Associates Inc. now owns 4,414 shares of the construction company’s stock valued at $1,374,000 after purchasing an additional 206 shares during the period. Finally, PYA Waltman Capital LLC increased its stake in TopBuild by 11.7% in the fourth quarter. PYA Waltman Capital LLC now owns 4,367 shares of the construction company’s stock valued at $1,360,000 after purchasing an additional 457 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on BLD shares. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $443.00 to $381.00 in a research note on Monday, December 16th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group dropped their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Truist Financial dropped their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Loop Capital lowered their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $422.33.

TopBuild Stock Up 1.0 %

BLD stock opened at $306.44 on Friday. The company has a market cap of $9.04 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.82 and a beta of 1.85. TopBuild Corp. has a 52 week low of $295.19 and a 52 week high of $495.68. The company’s 50-day moving average price is $326.00 and its 200 day moving average price is $360.03. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.69 earnings per share. On average, research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

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.