E. Ohman J or Asset Management AB Cuts Stock Holdings in TopBuild Corp. $BLD

E. Ohman J or Asset Management AB decreased its position in TopBuild Corp. (NYSE:BLD) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,898 shares of the construction company’s stock after selling 2,917 shares during the quarter. E. Ohman J or Asset Management AB owned approximately 0.17% of TopBuild worth $17,178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BLD. McClarren Financial Advisors Inc. grew its position in TopBuild by 137.2% in the 1st quarter. McClarren Financial Advisors Inc. now owns 989 shares of the construction company’s stock worth $347,000 after purchasing an additional 572 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of TopBuild by 6.0% during the 4th quarter. Hsbc Holdings PLC now owns 2,302 shares of the construction company’s stock worth $961,000 after buying an additional 130 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of TopBuild by 7.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,237 shares of the construction company’s stock worth $5,105,000 after buying an additional 855 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of TopBuild by 9.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,305 shares of the construction company’s stock worth $3,465,000 after buying an additional 702 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its stake in shares of TopBuild by 9.9% in the 4th quarter. Anchor Investment Management LLC now owns 1,575 shares of the construction company’s stock worth $657,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 0.2%

NYSE:BLD opened at $425.72 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $11.93 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 5.75 and a beta of 1.80. The firm’s 50 day moving average is $418.29 and its 200 day moving average is $432.29. TopBuild Corp. has a 12 month low of $300.27 and a 12 month high of $559.47.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating the consensus estimate of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business earned $4.63 earnings per share. TopBuild’s revenue for the quarter was up 17.2% on a year-over-year basis. Sell-side analysts expect that TopBuild Corp. will post 18.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BLD. Royal Bank Of Canada upped their target price on TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. UBS Group set a $440.00 price target on TopBuild in a report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. Finally, Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $466.77.

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.