TopBuild Corp. (NYSE:BLD) Position Trimmed by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its holdings in TopBuild Corp. (NYSE:BLD) by 33.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Winch Advisory Services LLC acquired a new stake in TopBuild during the fourth quarter worth about $26,000. Versant Capital Management Inc raised its position in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild in the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC boosted its position in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares during the period. Finally, Quantbot Technologies LP bought a new position in TopBuild during the 3rd quarter worth $45,000. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

Shares of NYSE BLD opened at $301.41 on Tuesday. TopBuild Corp. has a 1 year low of $288.31 and a 1 year high of $495.68. The firm has a market cap of $8.81 billion, a P/E ratio of 15.21, a PEG ratio of 1.82 and a beta of 1.89. The stock has a fifty day moving average price of $323.52 and a two-hundred day moving average price of $353.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company earned $4.69 earnings per share. TopBuild’s revenue was up 2.0% compared to the same quarter last year. Research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BLD. Benchmark cut their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group reduced their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $403.88.

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.