Teachers Retirement System of The State of Kentucky Cuts Position in TopBuild Corp. (NYSE:BLD)

Teachers Retirement System of The State of Kentucky reduced its position in shares of TopBuild Corp. (NYSE:BLD) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,106 shares of the construction company’s stock after selling 280 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in TopBuild were worth $4,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its stake in shares of TopBuild by 9.7% in the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares in the last quarter. State Street Corp raised its position in TopBuild by 3.2% in the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after purchasing an additional 34,911 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of TopBuild by 2.1% during the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after buying an additional 12,909 shares during the period. Liontrust Investment Partners LLP increased its stake in shares of TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after buying an additional 57,880 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in TopBuild in the third quarter valued at approximately $114,220,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. DA Davidson lowered their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Evercore ISI dropped their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Stock Down 3.6 %

BLD stock opened at $344.27 on Friday. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company has a fifty day moving average price of $375.48 and a 200 day moving average price of $393.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a 12 month low of $340.13 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company earned $5.43 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that TopBuild Corp. will post 20.95 earnings per share for the current year.

TopBuild 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.