Public Employees Retirement Association of Colorado Boosts Stock Position in TopBuild Corp. (NYSE:BLD)

Public Employees Retirement Association of Colorado grew its stake in shares of TopBuild Corp. (NYSE:BLD) by 775.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,163 shares of the construction company’s stock after purchasing an additional 27,605 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.10% of TopBuild worth $12,006,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Axiom Investors LLC DE purchased a new stake in TopBuild in the 4th quarter valued at about $87,451,000. Capital International Investors increased its holdings in TopBuild by 14.0% during the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after purchasing an additional 198,614 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after purchasing an additional 130,563 shares during the period. Liontrust Investment Partners LLP raised its position in TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after purchasing an additional 57,880 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of TopBuild by 268.8% in the 4th quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company’s stock worth $27,703,000 after buying an additional 53,950 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Down 3.3 %

NYSE BLD opened at $406.10 on Friday. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $495.68. The company has a fifty day simple moving average of $405.21 and a two-hundred day simple moving average of $407.21. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $12.92 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.27 and a beta of 1.77.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.25 EPS. On average, analysts forecast that TopBuild Corp. will post 21.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. DA Davidson cut their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Truist Financial lowered their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group increased their price objective on shares of TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Evercore ISI reduced their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $449.00.

TopBuild Company 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.