Illinois Municipal Retirement Fund Increases Stake in TopBuild Corp. $BLD

Illinois Municipal Retirement Fund boosted its stake in shares of TopBuild Corp. (NYSE:BLD) by 33.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,113 shares of the construction company’s stock after purchasing an additional 1,785 shares during the period. Illinois Municipal Retirement Fund’s holdings in TopBuild were worth $2,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BLD. Core Wealth Advisors LLC purchased a new position in shares of TopBuild in the fourth quarter worth $26,000. Advisory Services Network LLC purchased a new stake in shares of TopBuild during the third quarter valued at $27,000. Parallel Advisors LLC increased its position in shares of 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 shares of 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 shares of 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. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

NYSE:BLD opened at $354.53 on Monday. TopBuild Corp. has a one year low of $321.67 and a one year high of $559.47. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. The firm’s fifty day moving average is $394.83 and its two-hundred day moving average is $423.43.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $4.63 EPS. Research analysts expect that TopBuild Corp. will post 18.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BLD shares. Evercore set a $360.00 price target on TopBuild in a research report on Monday, June 29th. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. Loop Capital cut TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a research note on Wednesday, May 6th. DA Davidson reaffirmed a “neutral” rating and set a $437.00 target price (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, TopBuild has an average rating of “Hold” and an average target price of $465.00.

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.