E. Ohman J or Asset Management AB Purchases Shares of 76,785 TopBuild Corp. (NYSE:BLD)

E. Ohman J or Asset Management AB acquired a new position in shares of TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 76,785 shares of the construction company’s stock, valued at approximately $23,906,000. E. Ohman J or Asset Management AB owned approximately 0.26% of TopBuild at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BLD. Pitcairn Co. raised its holdings in shares of TopBuild by 178.2% in the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after acquiring an additional 1,422 shares during the last quarter. TT International Asset Management LTD raised its stake in TopBuild by 33.3% in the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after purchasing an additional 4,694 shares during the last quarter. Icon Wealth Advisors LLC lifted its holdings in TopBuild by 704.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after purchasing an additional 2,008 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in TopBuild by 37.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after purchasing an additional 48,562 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of TopBuild by 72.0% during the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after purchasing an additional 4,703 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Down 4.0 %

BLD opened at $328.88 on Tuesday. TopBuild Corp. has a 1 year low of $302.70 and a 1 year high of $495.68. The firm has a 50 day moving average price of $342.33 and a 200 day moving average price of $373.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company has a market cap of $9.70 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.05 and a beta of 1.85.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’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 earnings per share. Sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BLD shares. The Goldman Sachs Group reduced their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Jefferies Financial Group reduced their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, DA Davidson lowered their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $437.00.

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.