TopBuild Corp. (NYSE:BLD) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,100 shares of the construction company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in TopBuild were worth $2,522,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. FMR LLC raised its holdings in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after buying an additional 161,743 shares during the period. State Street Corp raised its holdings in shares of TopBuild by 3.2% during the 3rd quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after buying an additional 34,911 shares during the period. Geode Capital Management LLC raised its holdings in shares of TopBuild by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock valued at $255,526,000 after buying an additional 12,909 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of TopBuild by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company’s stock valued at $91,076,000 after buying an additional 11,762 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of TopBuild by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 233,414 shares of the construction company’s stock valued at $94,955,000 after buying an additional 5,982 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of NYSE BLD opened at $326.35 on Friday. TopBuild Corp. has a twelve month low of $302.70 and a twelve month high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.85. The business has a 50 day simple moving average of $333.19 and a 200-day simple moving average of $368.23.

Analysts Set New Price Targets

Several brokerages recently commented on BLD. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group dropped their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $443.00 to $381.00 in a report on Monday, December 16th. DA Davidson dropped their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average target price of $437.00.

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.