Livforsakringsbolaget Skandia Omsesidigt Buys Shares of 4,550 TopBuild Corp. (NYSE:BLD)

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in TopBuild Corp. (NYSE:BLD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,550 shares of the construction company’s stock, valued at approximately $1,414,000.

Several other hedge funds also recently bought and sold shares of the company. Pitcairn Co. grew its position in shares of TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock valued at $903,000 after purchasing an additional 1,422 shares in the last quarter. TT International Asset Management LTD grew its stake in TopBuild by 33.3% in the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock worth $5,847,000 after buying an additional 4,694 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in TopBuild by 704.6% in the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after acquiring an additional 2,008 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in TopBuild by 37.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after purchasing an additional 48,562 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of TopBuild by 72.0% in the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after purchasing an additional 4,703 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BLD has been the topic of a number of analyst reports. 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. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson cut their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and an average target price of $437.00.

TopBuild Stock Up 0.4 %

BLD stock opened at $339.23 on Friday. The business has a 50 day moving average of $339.18 and a 200 day moving average of $372.57. The firm has a market cap of $10.01 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.85. TopBuild Corp. has a twelve month low of $302.70 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.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion during 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% on a year-over-year basis. During the same period last year, the company earned $5.43 earnings per share. On average, research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal 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.