Swedbank AB Reduces Holdings in TopBuild Corp. (NYSE:BLD)

Swedbank AB reduced its stake in TopBuild Corp. (NYSE:BLD) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,055 shares of the construction company’s stock after selling 144 shares during the period. Swedbank AB’s holdings in TopBuild were worth $5,933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BLD. Pitcairn Co. raised its position in shares of TopBuild by 178.2% in the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after acquiring an additional 1,422 shares in the last quarter. TT International Asset Management LTD raised its holdings in TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock worth $5,847,000 after purchasing an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after buying an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of TopBuild by 37.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after buying an additional 48,562 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of TopBuild by 72.0% in the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after acquiring an additional 4,703 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and cut their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. The Goldman Sachs Group lowered their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group cut their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average price target of $437.00.

TopBuild Trading Down 2.8 %

Shares of NYSE:BLD opened at $342.29 on Friday. 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 $302.70 and a 1 year high of $495.68. The company has a market cap of $10.10 billion, a P/E ratio of 17.27, a PEG ratio of 2.00 and a beta of 1.84. The stock’s fifty day moving average price is $343.89 and its 200-day moving average price is $375.17.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the business earned $5.43 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.