State of New Jersey Common Pension Fund D Trims Holdings in TopBuild Corp. (NYSE:BLD)

State of New Jersey Common Pension Fund D trimmed its holdings in TopBuild Corp. (NYSE:BLD) by 5.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,032 shares of the construction company’s stock after selling 625 shares during the period. State of New Jersey Common Pension Fund D’s holdings in TopBuild were worth $3,435,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in shares of TopBuild by 10.3% during the 3rd quarter. CWM LLC now owns 387 shares of the construction company’s stock valued at $157,000 after purchasing an additional 36 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of TopBuild by 27.3% in the 3rd quarter. Blue Trust Inc. now owns 373 shares of the construction company’s stock worth $144,000 after acquiring an additional 80 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of TopBuild by 33.8% during the third quarter. Sequoia Financial Advisors LLC now owns 911 shares of the construction company’s stock valued at $371,000 after buying an additional 230 shares during the period. TFG Advisers LLC boosted its holdings in TopBuild by 1.1% during the 3rd quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock valued at $1,210,000 after acquiring an additional 31 shares during the period. Finally, Argent Capital Management LLC grew its holdings in shares of TopBuild by 2.6% in the third quarter. Argent Capital Management LLC now owns 11,915 shares of the construction company’s stock worth $4,847,000 after purchasing an additional 297 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

TopBuild Stock Down 0.3 %

BLD stock opened at $320.44 on Thursday. TopBuild Corp. has a one year low of $302.70 and a one year high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market cap of $9.45 billion, a PE ratio of 16.17, a P/E/G ratio of 1.95 and a beta of 1.85. The firm’s fifty day moving average is $329.28 and its 200 day moving average is $363.61.

TopBuild Company Profile

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.