California Public Employees Retirement System Has $2.51 Million Holdings in TopBuild Corp (BLD)

Share on StockTwits

California Public Employees Retirement System trimmed its position in shares of TopBuild Corp (NYSE:BLD) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,777 shares of the construction company’s stock after selling 6,210 shares during the quarter. California Public Employees Retirement System owned about 0.16% of TopBuild worth $2,510,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new stake in shares of TopBuild during the fourth quarter valued at about $41,000. Advisors Asset Management Inc. lifted its position in shares of TopBuild by 86.3% during the fourth quarter. Advisors Asset Management Inc. now owns 1,567 shares of the construction company’s stock valued at $71,000 after buying an additional 726 shares during the last quarter. ETF Managers Group LLC lifted its position in shares of TopBuild by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 1,702 shares of the construction company’s stock valued at $77,000 after buying an additional 231 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TopBuild by 19.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,539 shares of the construction company’s stock valued at $114,000 after buying an additional 408 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of TopBuild by 10.7% during the fourth quarter. Bank of Montreal Can now owns 3,871 shares of the construction company’s stock valued at $175,000 after buying an additional 374 shares during the last quarter. 93.34% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on BLD shares. Nomura set a $66.00 price target on shares of TopBuild and gave the company a “buy” rating in a research report on Monday, December 17th. Buckingham Research started coverage on shares of TopBuild in a research report on Monday, February 25th. They set a “buy” rating and a $69.00 price target for the company. Zacks Investment Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. SunTrust Banks lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, ValuEngine raised shares of TopBuild from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $78.91.

Shares of TopBuild stock opened at $63.49 on Friday. The company has a market capitalization of $2.21 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.57 and a beta of 1.07. The company has a quick ratio of 1.21, a current ratio of 1.59 and a debt-to-equity ratio of 0.67. TopBuild Corp has a 52 week low of $41.27 and a 52 week high of $87.21.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.01. The firm had revenue of $639.55 million during the quarter, compared to analyst estimates of $647.95 million. TopBuild had a net margin of 5.65% and a return on equity of 14.12%. TopBuild’s revenue was up 27.6% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. Analysts expect that TopBuild Corp will post 4.49 EPS for the current fiscal year.

In related news, VP John S. Peterson sold 10,930 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $60.36, for a total value of $659,734.80. Following the completion of the transaction, the vice president now directly owns 45,126 shares of the company’s stock, valued at approximately $2,723,805.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert M. Buck sold 14,677 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $58.66, for a total transaction of $860,952.82. Following the completion of the transaction, the chief operating officer now directly owns 60,142 shares of the company’s stock, valued at $3,527,929.72. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “California Public Employees Retirement System Has $2.51 Million Holdings in TopBuild Corp (BLD)” was first published by Highlight Press and is the property of of Highlight Press. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://highlightpress.com/2019/03/24/california-public-employees-retirement-system-has-2-51-million-holdings-in-topbuild-corp-bld.html.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

Featured Article: Portfolio Manager

Want to see what other hedge funds are holding BLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TopBuild Corp (NYSE:BLD).

Institutional Ownership by Quarter for TopBuild (NYSE:BLD)

Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.