Public Employees Retirement System of Ohio Boosts Stock Position in TopBuild Corp. (NYSE:BLD)

Public Employees Retirement System of Ohio increased its stake in TopBuild Corp. (NYSE:BLD) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,910 shares of the construction company’s stock after purchasing an additional 1,137 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of TopBuild worth $7,693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its stake in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after acquiring an additional 161,743 shares in the last quarter. State Street Corp increased its holdings in shares of TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after purchasing an additional 34,911 shares during the period. Liontrust Investment Partners LLP boosted its stake in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after buying an additional 57,880 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in TopBuild during the third quarter worth about $114,220,000. Finally, Bank of New York Mellon Corp increased its stake in TopBuild by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock worth $100,927,000 after acquiring an additional 2,133 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Price Performance

Shares of NYSE:BLD opened at $356.81 on Friday. The company’s fifty day moving average is $376.31 and its 200 day moving average is $393.57. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a 52 week low of $317.72 and a 52 week high of $495.68. The stock has a market cap of $10.53 billion, a PE ratio of 18.00, a PEG ratio of 2.37 and a beta of 1.79.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the company posted $5.43 EPS. TopBuild’s revenue for the quarter was up 3.6% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 20.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. DA Davidson cut their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group lowered their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $440.44.

About TopBuild

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.