Texas Permanent School Fund Corp Acquires 835 Shares of TopBuild Corp. (NYSE:BLD)

Texas Permanent School Fund Corp grew its holdings in TopBuild Corp. (NYSE:BLD) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,494 shares of the construction company’s stock after purchasing an additional 835 shares during the period. Texas Permanent School Fund Corp owned approximately 0.09% of TopBuild worth $10,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC raised its position in shares of TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after purchasing an additional 25,973 shares during the period. Forge First Asset Management Inc. purchased a new position in TopBuild during the first quarter valued at approximately $16,158,000. Nordea Investment Management AB grew its stake in TopBuild by 4,820.9% during the first quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock valued at $12,825,000 after acquiring an additional 28,395 shares in the last quarter. International Assets Investment Management LLC grew its stake in TopBuild by 8,850.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock valued at $1,541,000 after acquiring an additional 4,071 shares in the last quarter. Finally, Norges Bank purchased a new position in TopBuild during the fourth quarter valued at approximately $154,983,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 0.0 %

Shares of NYSE BLD opened at $360.43 on Tuesday. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68. The firm has a market capitalization of $10.87 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.24 and a beta of 1.78. The firm has a fifty day simple moving average of $405.57 and a two-hundred day simple moving average of $408.26.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing the consensus estimate of $5.68 by ($0.26). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $5.25 earnings per share. Equities analysts expect that TopBuild Corp. will post 21.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at TopBuild

In related news, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the sale, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.46% of the company’s stock.

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.