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

Handelsbanken Fonder AB boosted its position in shares of TopBuild Corp. (NYSE:BLD) by 22.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,737 shares of the construction company’s stock after purchasing 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.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC grew its holdings 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 last quarter. Parallel Advisors LLC boosted its position in TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company’s stock valued at $57,000 after buying an additional 132 shares during the period. Raiffeisen Bank International AG purchased a new stake in TopBuild in the 4th quarter valued at about $81,000. Finally, UMB Bank n.a. boosted its position in TopBuild by 144.2% in the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company’s stock valued at $103,000 after buying an additional 199 shares during the period. 95.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BLD shares. Wall Street Zen cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Benchmark lowered their price objective on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. DA Davidson lowered their price objective on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Truist Financial lowered their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Stephens lowered their price target on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $380.22.

TopBuild Trading Down 3.3%

NYSE:BLD opened at $298.83 on Friday. The firm has a 50 day moving average of $292.20 and a 200 day moving average of $314.40. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.82 and a beta of 1.62. TopBuild Corp. has a 52 week low of $266.26 and a 52 week 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 announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.81 earnings per share. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the transaction, the insider now owns 7,007 shares of the company’s stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.43% of the stock is owned by insiders.

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.