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

Louisiana State Employees Retirement System bought a new stake in shares of TopBuild Corp. (NYSE:BLD) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 8,100 shares of the construction company’s stock, valued at approximately $2,846,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. increased its position in TopBuild by 464.5% during the fourth quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock worth $324,434,000 after purchasing an additional 639,915 shares during the last quarter. Capital International Investors boosted its stake in shares of TopBuild by 71.1% during the 4th quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after buying an additional 630,857 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares in the last quarter. Norges Bank acquired a new position in shares of TopBuild in the 4th quarter valued at about $104,947,000. Finally, Artisan Partners Limited Partnership bought a new position in shares of TopBuild during the fourth quarter valued at approximately $101,450,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BLD has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. UBS Group set a $440.00 target price on shares of TopBuild in a report on Wednesday, May 6th. Seaport Research Partners restated a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Wells Fargo & Company decreased their price objective on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $496.00 price target (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $466.77.

TopBuild Stock Performance

NYSE:BLD opened at $424.96 on Monday. The firm has a 50 day moving average of $420.78 and a 200-day moving average of $431.35. 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 1 year low of $320.00 and a 1 year high of $559.47. The stock has a market capitalization of $11.91 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 5.77 and a beta of 1.80.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.63 EPS. As a group, sell-side analysts anticipate that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

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.