8,100 Shares in TopBuild Corp. $BLD Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in TopBuild Corp. (NYSE:BLD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,100 shares of the construction company’s stock, valued at approximately $2,846,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mirabella Financial Services LLP boosted its stake in TopBuild by 160.9% in the 3rd quarter. Mirabella Financial Services LLP now owns 5,747 shares of the construction company’s stock worth $2,242,000 after purchasing an additional 3,544 shares in the last quarter. Border to Coast Pensions Partnership Ltd purchased a new position in shares of TopBuild in the fourth quarter worth $4,919,000. Emissary Wealth LLC acquired a new stake in shares of TopBuild during the fourth quarter worth $1,109,000. Magnetar Financial LLC purchased a new stake in shares of TopBuild during the third quarter valued at $1,465,000. Finally, SG Americas Securities LLC increased its position in shares of TopBuild by 144.7% in the 4th quarter. SG Americas Securities LLC now owns 33,204 shares of the construction company’s stock valued at $13,852,000 after acquiring an additional 19,636 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BLD shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. DA Davidson reissued a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. UBS Group set a $440.00 price objective on TopBuild in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company decreased their target price on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $466.77.

TopBuild Trading Down 0.1%

Shares of TopBuild stock opened at $424.96 on Monday. The company has a fifty day simple moving average of $420.78 and a 200-day simple moving average of $431.35. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 5.77 and a beta of 1.80. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 12-month low of $320.00 and a 12-month high of $559.47.

TopBuild (NYSE:BLD) last released 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. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the company posted $4.63 earnings per share. The firm’s revenue was up 17.2% compared to the same quarter last year. On average, equities analysts forecast that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

TopBuild 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.