Nordea Investment Management AB Makes New Investment in TopBuild Corp. (NYSE:BLD)

Nordea Investment Management AB bought a new position in shares of TopBuild Corp. (NYSE:BLD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 589 shares of the construction company’s stock, valued at approximately $222,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in TopBuild by 103.9% during the third quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock worth $2,223,000 after buying an additional 4,503 shares during the period. Teza Capital Management LLC acquired a new stake in shares of TopBuild in the third quarter valued at approximately $722,000. Symmetry Partners LLC acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $714,000. Campbell & CO Investment Adviser LLC grew its position in shares of TopBuild by 127.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 5,222 shares of the construction company’s stock valued at $1,314,000 after purchasing an additional 2,923 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of TopBuild by 634.9% in the third quarter. Jennison Associates LLC now owns 7,650 shares of the construction company’s stock valued at $1,925,000 after purchasing an additional 6,609 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America increased their price target on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. DA Davidson began coverage on shares of TopBuild in a research report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target on the stock. Evercore ISI raised their target price on shares of TopBuild from $368.00 to $441.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. The Goldman Sachs Group raised their target price on shares of TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $392.80.

TopBuild Stock Performance

NYSE:BLD opened at $438.46 on Thursday. The firm’s 50 day moving average is $396.58 and its two-hundred day moving average is $329.64. TopBuild Corp. has a fifty-two week low of $184.50 and a fifty-two week high of $441.39. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The company has a market cap of $13.95 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.11 and a beta of 1.66.

TopBuild (NYSE:BLD) last issued its earnings results on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, beating analysts’ consensus estimates of $4.60 by $0.09. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.40 EPS. Analysts expect that TopBuild Corp. will post 20.86 EPS 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.