TopBuild Corp. (NYSE:BLD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in TopBuild Corp. (NYSE:BLD) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,152 shares of the construction company’s stock after selling 1,000 shares during the period. New York State Common Retirement Fund owned 0.16% of TopBuild worth $14,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc lifted its stake in shares of TopBuild by 3.6% during the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock valued at $374,000 after buying an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in TopBuild by 0.6% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $2,181,000 after purchasing an additional 33 shares during the last quarter. Atlanta Consulting Group Advisors LLC lifted its position in TopBuild by 1.5% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock worth $1,098,000 after buying an additional 39 shares during the period. Pathstone Holdings LLC boosted its stake in TopBuild by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock worth $1,712,000 after buying an additional 41 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after buying an additional 42 shares during the period. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of NYSE BLD opened at $303.78 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild Corp. has a 1-year low of $302.27 and a 1-year high of $495.68. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.92 and a beta of 1.85. The business has a 50-day moving average of $327.76 and a 200-day moving average of $362.23.

Analysts Set New Price Targets

BLD has been the topic of several recent analyst reports. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. DA Davidson dropped their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and reduced their target price for the company from $443.00 to $381.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $437.00.

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.