Public Employees Retirement Association of Colorado Has $13.38 Million Holdings in TopBuild Corp. $BLD

Public Employees Retirement Association of Colorado lifted its stake in shares of TopBuild Corp. (NYSE:BLD) by 947.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,061 shares of the construction company’s stock after buying an additional 29,000 shares during the period. Public Employees Retirement Association of Colorado owned about 0.11% of TopBuild worth $13,376,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Core Wealth Advisors LLC acquired a new position in shares of TopBuild during the fourth quarter worth $26,000. Advisory Services Network LLC acquired a new position in shares of TopBuild during the third quarter worth $27,000. Parallel Advisors LLC increased its position in TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after acquiring an additional 25 shares during the period. Global Retirement Partners LLC increased its position in TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after acquiring an additional 59 shares during the period. Finally, First Horizon Corp increased its position in TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after acquiring an additional 50 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Trading Up 0.2%

NYSE:BLD opened at $412.05 on Tuesday. The firm’s fifty day moving average is $413.76 and its 200-day moving average is $433.14. 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 Corp. has a 52 week low of $293.14 and a 52 week high of $559.47. The firm has a market cap of $11.55 billion, a P/E ratio of 23.15, a P/E/G ratio of 5.54 and a beta of 1.80.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm posted $4.63 EPS. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Equities analysts expect that TopBuild Corp. will post 18.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BLD. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Royal Bank Of Canada upped their price target on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a research report on Wednesday, May 6th. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.