TopBuild Corp. (NYSE:BLD) Stake Reduced by New York State Common Retirement Fund

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

Other institutional investors also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new position in TopBuild during the 3rd quarter valued at $114,220,000. FMR LLC boosted its position in TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares during the period. Jennison Associates LLC grew its position in TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after purchasing an additional 110,143 shares in the last quarter. Natixis Advisors LLC purchased a new stake in shares of TopBuild during the third quarter worth $41,981,000. Finally, E. Ohman J or Asset Management AB acquired a new position in TopBuild in the fourth quarter worth approximately $23,906,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BLD shares. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group dropped their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, DA Davidson reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $437.00.

TopBuild Trading Down 5.5 %

Shares of BLD stock opened at $303.78 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $8.96 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.92 and a beta of 1.85. TopBuild Corp. has a 12-month low of $302.27 and a 12-month high of $495.68. The firm has a 50-day moving average price of $327.76 and a 200 day moving average price of $362.23.

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.