Texas Permanent School Fund Corp Has $8.87 Million Stock Holdings in TopBuild Corp. $BLD

Texas Permanent School Fund Corp trimmed its position in TopBuild Corp. (NYSE:BLD) by 41.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,402 shares of the construction company’s stock after selling 19,231 shares during the quarter. Texas Permanent School Fund Corp owned 0.10% of TopBuild worth $8,871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MAI Capital Management increased its stake in shares of TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Secure Asset Management LLC boosted its stake in TopBuild by 1.3% in the second quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company’s stock valued at $702,000 after buying an additional 27 shares in the last quarter. UMB Bank n.a. grew its position in TopBuild by 8.0% in the second quarter. UMB Bank n.a. now owns 364 shares of the construction company’s stock valued at $118,000 after acquiring an additional 27 shares during the last quarter. Franklin Resources Inc. raised its stake in TopBuild by 2.0% during the second quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company’s stock worth $555,000 after acquiring an additional 34 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of TopBuild by 3.3% in the second quarter. Kingswood Wealth Advisors LLC now owns 1,111 shares of the construction company’s stock worth $360,000 after acquiring an additional 36 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Performance

NYSE BLD opened at $428.38 on Tuesday. The company has a market capitalization of $12.02 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 7.27 and a beta of 1.67. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $461.49. The stock has a fifty day simple moving average of $432.50 and a 200 day simple moving average of $396.03.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.14. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.68 EPS. Sell-side analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the sale, the vice president owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. This represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BLD shares. The Goldman Sachs Group upped their price objective on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Evercore ISI decreased their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 5th. DA Davidson reiterated a “buy” rating and issued a $485.00 price target on shares of TopBuild in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a report on Wednesday, October 8th. Finally, Wells Fargo & Company started coverage on TopBuild in a report on Monday, November 17th. They issued an “overweight” rating and a $500.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and an average price target of $437.06.

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.