E. Ohman J or Asset Management AB Takes $23.91 Million Position in TopBuild Corp. (NYSE:BLD)

E. Ohman J or Asset Management AB bought a new stake in TopBuild Corp. (NYSE:BLD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 76,785 shares of the construction company's stock, valued at approximately $23,906,000. E. Ohman J or Asset Management AB owned 0.26% of TopBuild as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild in the third quarter valued at $31,000. Winch Advisory Services LLC acquired a new stake in TopBuild in the 4th quarter valued at about $26,000. Versant Capital Management Inc raised its position in TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock worth $29,000 after acquiring an additional 72 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of TopBuild in the third quarter valued at about $45,000. Finally, Kennebec Savings Bank purchased a new position in shares of TopBuild during the 3rd quarter worth approximately $45,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. The Goldman Sachs Group reduced their price objective on TopBuild from $475.00 to $410.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. DA Davidson lowered their price target on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, November 7th. StockNews.com raised shares of TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and lowered their target price for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Finally, Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $437.00.

TopBuild Stock Down 3.7 %

NYSE BLD traded down $12.41 during trading hours on Friday, hitting $326.92. The company had a trading volume of 302,872 shares, compared to its average volume of 269,664. The firm's 50 day moving average is $339.18 and its 200 day moving average is $372.57. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 2.05 and a beta of 1.85. TopBuild Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts' consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.43 EPS. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

TopBuild Company Profile

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.