Handelsbanken Fonder AB Raises Stake in TopBuild Corp. (NYSE:BLD)

Handelsbanken Fonder AB grew its holdings in shares of TopBuild Corp. (NYSE:BLD) by 21.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,437 shares of the construction company’s stock after purchasing an additional 1,500 shares during the period. Handelsbanken Fonder AB’s holdings in TopBuild were worth $3,432,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after purchasing an additional 130,563 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of TopBuild by 8.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 300,001 shares of the construction company’s stock valued at $112,279,000 after buying an additional 23,267 shares during the last quarter. Wellington Management Group LLP increased its position in shares of TopBuild by 44.8% in the 4th quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company’s stock worth $8,327,000 after purchasing an additional 6,887 shares during the last quarter. Vanguard Group Inc. lifted its holdings in TopBuild by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 2,974,062 shares of the construction company’s stock worth $1,113,072,000 after buying an additional 23,906 shares during the last quarter. Finally, HighPoint Advisor Group LLC acquired a new position in TopBuild in the fourth quarter worth $636,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

BLD has been the subject of several recent research reports. Truist Financial lowered their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Evercore ISI cut their price target on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Stephens reduced their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. DA Davidson cut their target price on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Jefferies Financial Group increased their price target on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $449.00.

TopBuild Stock Up 0.7 %

Shares of NYSE BLD opened at $386.86 on Wednesday. TopBuild Corp. has a 1 year low of $217.08 and a 1 year high of $495.68. The firm’s 50-day moving average is $391.99 and its 200-day moving average is $405.89. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $12.31 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business earned $5.25 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts expect that TopBuild Corp. will post 21.18 EPS for the current year.

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.