Livforsakringsbolaget Skandia Omsesidigt Invests $1.41 Million in TopBuild Corp. (NYSE:BLD)

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,550 shares of the construction company’s stock, valued at approximately $1,414,000.

Other institutional investors also recently bought and sold shares of the company. TFG Advisers LLC increased its position in shares of TopBuild by 1.1% during the 3rd quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock valued at $1,210,000 after purchasing an additional 31 shares during the last quarter. CIBC Asset Management Inc increased its holdings in TopBuild by 3.6% during the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock valued at $374,000 after buying an additional 32 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in TopBuild by 0.6% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $2,181,000 after acquiring an additional 33 shares during the period. CWM LLC grew its position in shares of TopBuild by 10.3% during the 3rd quarter. CWM LLC now owns 387 shares of the construction company’s stock valued at $157,000 after acquiring an additional 36 shares during the period. Finally, Atlanta Consulting Group Advisors LLC increased its stake in shares of TopBuild by 1.5% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock worth $1,098,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on BLD shares. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and cut their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson dropped 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. The Goldman Sachs Group decreased their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $437.00.

TopBuild Trading Up 0.4 %

Shares of BLD stock opened at $339.23 on Friday. The stock’s 50-day moving average price is $339.18 and its 200-day moving average price is $372.57. TopBuild Corp. has a 12-month low of $302.70 and a 12-month high of $495.68. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.85. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

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 analysts’ consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.43 EPS. Equities research analysts predict that TopBuild Corp. will post 20.97 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.