TopBuild Corp. (NYSE:BLD) Stake Lowered by Swedbank AB

Swedbank AB decreased its holdings in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 19.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,199 shares of the construction company's stock after selling 4,625 shares during the quarter. Swedbank AB owned about 0.06% of TopBuild worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BLD. Assenagon Asset Management S.A. lifted its position in shares of TopBuild by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company's stock worth $2,379,000 after purchasing an additional 23 shares in the last quarter. Andina Capital Management LLC boosted its position in TopBuild by 3.2% in the 2nd quarter. Andina Capital Management LLC now owns 870 shares of the construction company's stock valued at $335,000 after buying an additional 27 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company's stock valued at $342,000 after acquiring an additional 30 shares in the last quarter. Fifth Third Bancorp increased its position in shares of TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company's stock worth $128,000 after acquiring an additional 31 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in shares of TopBuild by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company's stock worth $712,000 after acquiring an additional 31 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLD has been the topic of several analyst reports. Evercore ISI lifted their price objective on TopBuild from $489.00 to $491.00 and gave the stock an "outperform" rating in a report on Wednesday. DA Davidson dropped their price objective on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Truist Financial reduced their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research report on Wednesday, August 7th. Stephens cut their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Finally, StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Friday, October 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, TopBuild currently has a consensus rating of "Moderate Buy" and a consensus price target of $446.89.

TopBuild Price Performance

NYSE:BLD traded up $5.55 during trading hours on Friday, reaching $414.77. 222,241 shares of the company's stock were exchanged, compared to its average volume of 284,741. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $13.20 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. TopBuild Corp. has a 12 month low of $217.08 and a 12 month high of $495.68. The business's 50-day simple moving average is $389.93 and its two-hundred day simple moving average is $404.22.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business earned $5.25 earnings per share. The business's revenue was up 3.7% compared to the same quarter last year. Sell-side analysts expect that TopBuild Corp. will post 21.08 EPS 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.