Texas Permanent School Fund Has $4.23 Million Stock Holdings in TopBuild Corp. (NYSE:BLD)

Texas Permanent School Fund lowered its holdings in shares of TopBuild Corp. (NYSE:BLDGet Rating) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,342 shares of the construction company’s stock after selling 500 shares during the period. Texas Permanent School Fund owned approximately 0.07% of TopBuild worth $4,234,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UMB Bank N A MO acquired a new stake in TopBuild during the fourth quarter worth approximately $31,000. National Bank of Canada FI acquired a new stake in TopBuild during the fourth quarter worth approximately $34,000. Covestor Ltd acquired a new stake in TopBuild during the fourth quarter worth approximately $36,000. First Horizon Advisors Inc. grew its stake in TopBuild by 54.8% during the fourth quarter. First Horizon Advisors Inc. now owns 178 shares of the construction company’s stock worth $48,000 after purchasing an additional 63 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in TopBuild during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 96.91% of the company’s stock.

TopBuild Stock Down 5.1 %

BLD stock opened at $196.63 on Friday. TopBuild Corp. has a twelve month low of $150.71 and a twelve month high of $284.07. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average is $184.27 and its 200-day moving average is $197.00. The firm has a market capitalization of $6.37 billion, a PE ratio of 14.98 and a beta of 1.54.

TopBuild (NYSE:BLDGet Rating) last posted its earnings results on Tuesday, August 2nd. The construction company reported $4.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.72 by $0.71. TopBuild had a return on equity of 27.78% and a net margin of 9.93%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company earned $2.76 earnings per share. The company’s revenue for the quarter was up 52.7% on a year-over-year basis. Sell-side analysts expect that TopBuild Corp. will post 15.13 EPS for the current fiscal year.

Analysts Set New Price Targets

BLD has been the subject of several recent analyst reports. Zelman & Associates cut TopBuild from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on TopBuild from $209.00 to $190.00 in a research note on Friday, July 15th. Finally, Truist Financial raised their price objective on TopBuild from $225.00 to $242.00 in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $262.38.

About TopBuild

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TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building 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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.

See Also

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

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