Swedbank AB Sells 4,625 Shares of TopBuild Corp. (NYSE:BLD)

Swedbank AB reduced its position in TopBuild Corp. (NYSE:BLD) by 19.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,199 shares of the construction company’s stock after selling 4,625 shares during the quarter. Swedbank AB owned approximately 0.07% of TopBuild worth $7,810,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild during the 2nd quarter worth about $30,000. Kennebec Savings Bank acquired a new stake in TopBuild during the third quarter worth approximately $45,000. UMB Bank n.a. increased its holdings in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after purchasing an additional 62 shares in the last quarter. Blue Trust Inc. increased its holdings in TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after purchasing an additional 63 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after buying an additional 31 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BLD shares. Jefferies Financial Group reduced their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Stephens reduced their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. 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 report on Thursday, November 7th. Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Stock Performance

Shares of BLD opened at $387.95 on Wednesday. TopBuild Corp. has a 52 week low of $292.20 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a 50 day moving average price of $382.64 and a two-hundred day moving average price of $396.04. The firm has a market capitalization of $11.45 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.35 and a beta of 1.79.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the company posted $5.43 earnings per share. TopBuild’s revenue was up 3.6% compared to the same quarter last year. Equities analysts forecast that TopBuild Corp. will post 20.99 earnings per share for the current fiscal 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.