Handelsbanken Fonder AB Buys 1,800 Shares of TopBuild Corp. (NYSE:BLD)

Handelsbanken Fonder AB increased its stake in TopBuild Corp. (NYSE:BLD) by 22.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,737 shares of the construction company’s stock after acquiring an additional 1,800 shares during the period. Handelsbanken Fonder AB’s holdings in TopBuild were worth $2,969,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLD. GAMMA Investing LLC raised its position in TopBuild by 450.0% during the 1st quarter. GAMMA Investing LLC now owns 495 shares of the construction company’s stock valued at $151,000 after purchasing an additional 405 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of TopBuild in the 1st quarter worth approximately $9,920,000. Washington Capital Management Inc. raised its position in shares of TopBuild by 38.9% in the 1st quarter. Washington Capital Management Inc. now owns 1,250 shares of the construction company’s stock worth $381,000 after acquiring an additional 350 shares in the last quarter. Wedmont Private Capital bought a new position in TopBuild during the 1st quarter valued at approximately $217,000. Finally, UMB Bank n.a. raised its position in shares of TopBuild by 144.2% in the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company’s stock worth $103,000 after purchasing an additional 199 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Truist Financial lowered their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. DA Davidson cut their price target on TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Stephens decreased their price objective on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. Loop Capital dropped their price target on TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $380.22.

Insider Transactions at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the sale, the insider now directly owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.43% of the company’s stock.

TopBuild Stock Performance

TopBuild stock opened at $298.83 on Friday. The company’s 50-day moving average price is $292.20 and its 200-day moving average price is $314.40. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The company has a market cap of $8.54 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the firm posted $4.81 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild 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.