VIRGINIA RETIREMENT SYSTEMS ET Al Sells 7,290 Shares of TopBuild Corp. $BLD

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in TopBuild Corp. (NYSE:BLD) by 79.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,891 shares of the construction company’s stock after selling 7,290 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in TopBuild were worth $789,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BLD. Advisory Services Network LLC bought a new stake in shares of TopBuild in the 3rd quarter worth $27,000. Root Financial Partners LLC bought a new position in TopBuild during the third quarter valued at about $34,000. First Horizon Corp grew its position in TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 50 shares during the period. V Square Quantitative Management LLC bought a new position in TopBuild during the fourth quarter valued at about $43,000. Finally, Smithfield Trust Co grew its position in TopBuild by 58.6% during the third quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock valued at $44,000 after buying an additional 41 shares during the period. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 0.0%

BLD stock opened at $400.81 on Monday. The company has a market capitalization of $11.28 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 4.67 and a beta of 1.85. TopBuild Corp. has a one year low of $273.87 and a one year high of $559.47. The company’s 50 day moving average price is $394.60 and its two-hundred day moving average price is $435.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm posted $4.63 earnings per share. As a group, analysts predict that TopBuild Corp. will post 18.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

BLD has been the subject of several research reports. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. DA Davidson reiterated a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research report on Friday, February 27th. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a research report on Wednesday, May 6th. Finally, Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $466.77.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.