Swedbank AB Sells 4,625 Shares of TopBuild Corp. (NYSE:BLD)

Swedbank AB reduced its holdings in shares of TopBuild Corp. (NYSE:BLD) by 19.4% during the third quarter, HoldingsChannel.com reports. The fund owned 19,199 shares of the construction company’s stock after selling 4,625 shares during the quarter. Swedbank AB’s holdings in TopBuild were worth $7,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild during the 2nd quarter valued at $30,000. Kennebec Savings Bank purchased a new stake in TopBuild during the third quarter worth about $45,000. UMB Bank n.a. increased its holdings in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after buying an additional 62 shares during the last quarter. Blue Trust Inc. raised its position in TopBuild by 27.4% in the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after acquiring an additional 63 shares during the period. Finally, Fifth Third Bancorp boosted its stake in TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 4.6 %

BLD stock opened at $387.95 on Wednesday. The stock has a 50-day simple moving average of $382.64 and a two-hundred day simple moving average of $396.04. TopBuild Corp. has a twelve month low of $292.20 and a twelve month high of $495.68. The firm has a market capitalization of $11.45 billion, a PE ratio of 19.57, a PEG ratio of 2.35 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) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $5.43 earnings per share. TopBuild’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts predict that TopBuild Corp. will post 20.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLD has been the subject of several research analyst reports. Jefferies Financial Group decreased their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Stephens dropped their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Evercore ISI decreased their price objective on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $440.44.

About TopBuild

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.