Skandinaviska Enskilda Banken AB publ Trims Stock Holdings in TopBuild Corp. (NYSE:BLD)

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 39.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,975 shares of the construction company's stock after selling 7,041 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in TopBuild were worth $4,228,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in TopBuild in the fourth quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild during the 2nd quarter worth $30,000. Allspring Global Investments Holdings LLC bought a new position in TopBuild in the first quarter valued at about $31,000. Rise Advisors LLC acquired a new stake in shares of TopBuild during the first quarter valued at about $37,000. Finally, Headlands Technologies LLC acquired a new position in shares of TopBuild in the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Up 0.4 %

Shares of BLD traded up $1.43 during trading hours on Monday, reaching $407.53. 246,893 shares of the stock traded hands, compared to its average volume of 293,384. TopBuild Corp. has a 52 week low of $217.08 and a 52 week high of $495.68. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $405.21 and a 200 day simple moving average of $407.18. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.27 and a beta of 1.77.

TopBuild (NYSE:BLD - Get Free Report) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $5.25 earnings per share. On average, equities analysts forecast that TopBuild Corp. will post 21.18 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on BLD shares. Jefferies Financial Group upped their price target on shares of TopBuild from $486.00 to $536.00 and gave the company a "buy" rating in a research report on Wednesday, July 17th. Evercore ISI reduced their target price on TopBuild from $555.00 to $489.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, July 31st. DA Davidson decreased their price objective on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Stephens cut their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, TopBuild has a consensus rating of "Moderate Buy" and a consensus price target of $449.00.

TopBuild 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.