Swedbank AB Cuts Position in TopBuild Corp. $BLD

by · The Markets Daily

Swedbank AB trimmed its stake in TopBuild Corp. (NYSE:BLD – Free Report) by 16.6% in the 1st quarter, according to the company in its most recent filing 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 period. Swedbank AB’s holdings in TopBuild were worth $3,959,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Core Wealth Advisors LLC purchased a new position in TopBuild in the fourth quarter valued at about $26,000. Advisory Services Network LLC purchased a new stake in shares of TopBuild during the third quarter valued at about $27,000. Parallel Advisors LLC lifted its position in shares of TopBuild by 50.0% during 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 during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after buying an additional 59 shares in the last quarter. Finally, First Horizon Corp boosted its holdings in shares of TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 50 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Performance

TopBuild stock remained flat at $354.53 during trading hours on Friday. The firm’s fifty day moving average price is $402.73 and its 200-day moving average price 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. The stock has a market cap of $9.94 billion, a PE ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. TopBuild Corp. has a 1 year low of $321.67 and a 1 year high of $559.47.

TopBuild (NYSE:BLD – Get Free Report) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $4.63 earnings per share. The company’s revenue was up 17.2% compared to the same quarter last year. On average, analysts anticipate that TopBuild Corp. will post 18.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BLD shares. Zacks Research raised shares of TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Loop Capital downgraded shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price for the company. in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. UBS Group set a $440.00 price objective on TopBuild in a research report on Wednesday, May 6th. Finally, Evercore set a $360.00 target price on TopBuild in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $465.00.

Read Our Latest Analysis on TopBuild

TopBuild Profile

(Free Report)

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.

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