Swedbank AB Lowers Holdings in TopBuild Corp. $BLD

Swedbank AB reduced its stake in shares of TopBuild Corp. (NYSE:BLD) by 16.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,269 shares of the construction company’s stock after selling 2,251 shares during the quarter. Swedbank AB’s holdings in TopBuild were worth $3,959,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BLD. Core Wealth Advisors LLC purchased a new position in shares of TopBuild during the 4th quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new stake in TopBuild during the third quarter valued at $27,000. Parallel Advisors LLC increased its holdings in TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after buying an additional 25 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of TopBuild by 310.5% in the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after acquiring an additional 59 shares during the period. Finally, First Horizon Corp boosted its stake in shares of TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BLD shares. UBS Group set a $440.00 target price on TopBuild in a research report on Wednesday, May 6th. DA Davidson reiterated a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a report on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $465.00.

TopBuild Stock Performance

Shares of NYSE BLD remained flat at $354.53 during trading on Friday. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.80. The business’s 50-day simple moving average is $402.73 and its 200 day simple moving average is $426.06. The company has a quick ratio of 1.41, a current ratio of 2.00 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 1 year low of $321.67 and a 1 year high of $559.47.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.63 EPS. Analysts predict that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.