Skandinaviska Enskilda Banken AB publ Reduces Position in TopBuild Corp. (NYSE:BLD)

Skandinaviska Enskilda Banken AB publ cut its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 33.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,958 shares of the construction company's stock after selling 1,517 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in TopBuild were worth $920,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BLD. Pitcairn Co. boosted its holdings in shares of TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company's stock valued at $903,000 after acquiring an additional 1,422 shares during the last quarter. TT International Asset Management LTD boosted its holdings in TopBuild by 33.3% in the fourth quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company's stock worth $5,847,000 after purchasing an additional 4,694 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company's stock valued at $933,000 after buying an additional 2,008 shares during the last quarter. Van ECK Associates Corp lifted its holdings in TopBuild by 57.8% in the fourth quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock valued at $10,160,000 after acquiring an additional 11,948 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in TopBuild by 37.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock worth $72,747,000 after purchasing an additional 48,562 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently weighed in on BLD shares. Loop Capital lowered their price objective on shares of TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and decreased their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Finally, Benchmark cut their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $403.88.

TopBuild Price Performance

Shares of TopBuild stock traded down $7.98 during trading on Friday, reaching $298.57. 735,844 shares of the stock traded hands, compared to its average volume of 301,330. TopBuild Corp. has a 52-week low of $288.31 and a 52-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. The business has a fifty day simple moving average of $322.72 and a two-hundred day simple moving average of $351.83. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 1.82 and a beta of 1.89.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating analysts' consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm's revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.69 earnings per share. Sell-side analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

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.