TopBuild Corp. (NYSE:BLD) Stock Holdings Lessened by Swedbank AB

Swedbank AB trimmed its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 19.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,199 shares of the construction company's stock after selling 4,625 shares during the period. Swedbank AB owned about 0.07% of TopBuild worth $7,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BLD. Janus Henderson Group PLC increased its holdings in shares of TopBuild by 0.5% during the 1st quarter. Janus Henderson Group PLC now owns 17,713 shares of the construction company's stock valued at $7,807,000 after purchasing an additional 94 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in TopBuild by 99.3% in the first quarter. iA Global Asset Management Inc. now owns 3,341 shares of the construction company's stock valued at $1,472,000 after purchasing an additional 1,665 shares during the period. Cetera Investment Advisers increased its stake in shares of TopBuild by 152.4% in the 1st quarter. Cetera Investment Advisers now owns 3,960 shares of the construction company's stock worth $1,745,000 after acquiring an additional 2,391 shares during the last quarter. Cetera Advisors LLC acquired a new position in TopBuild in the first quarter valued at about $413,000. Finally, DekaBank Deutsche Girozentrale grew its position in TopBuild by 29.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company's stock valued at $56,489,000 after acquiring an additional 30,000 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BLD shares. Stephens lowered their target price 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. Jefferies Financial Group dropped their target price on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. DA Davidson reduced their price target on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Evercore ISI lowered their price target on TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Finally, Truist Financial reduced their price objective on TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $440.44.

TopBuild Price Performance

Shares of BLD traded down $0.18 during trading hours on Wednesday, reaching $387.77. 62,715 shares of the company traded hands, compared to its average volume of 288,625. The stock has a fifty day simple moving average of $382.34 and a 200 day simple moving average of $395.86. TopBuild Corp. has a fifty-two week low of $292.20 and a fifty-two week high of $495.68. The stock has a market capitalization of $11.44 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.56 and a beta of 1.79. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts' consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.43 earnings per share. As a group, research analysts predict that TopBuild Corp. will post 20.99 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.