E. Ohman J or Asset Management AB Sells 21,936 Shares of TopBuild Corp. $BLD

E. Ohman J or Asset Management AB lessened its stake in shares of TopBuild Corp. (NYSE:BLD) by 27.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,448 shares of the construction company’s stock after selling 21,936 shares during the period. E. Ohman J or Asset Management AB’s holdings in TopBuild were worth $23,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. raised its position in TopBuild by 30.4% during the 1st quarter. Raymond James Financial Inc. now owns 26,844 shares of the construction company’s stock valued at $8,186,000 after purchasing an additional 6,256 shares in the last quarter. Comerica Bank increased its stake in shares of TopBuild by 14.3% during the first quarter. Comerica Bank now owns 12,936 shares of the construction company’s stock valued at $3,945,000 after buying an additional 1,614 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of TopBuild during the first quarter valued at $1,014,000. Vident Advisory LLC bought a new stake in shares of TopBuild in the first quarter valued at about $1,703,000. Finally, Alamea Verwaltungs GmbH purchased a new stake in TopBuild in the first quarter worth about $383,000. Institutional investors own 95.67% of the company’s stock.

Insiders Place Their Bets

In related news, VP Luis Francisco Machado sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total transaction of $450,400.00. Following the transaction, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This represents a 9.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BLD has been the topic of several recent research reports. DA Davidson reiterated a “buy” rating and set a $485.00 target price on shares of TopBuild in a report on Wednesday, December 10th. Wells Fargo & Company began coverage on shares of TopBuild in a research note on Monday, November 17th. They set an “overweight” rating and a $500.00 price objective on the stock. Vertical Research assumed coverage on shares of TopBuild in a report on Tuesday, October 21st. They set a “buy” rating and a $517.96 price objective on the stock. Jefferies Financial Group upped their target price on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Truist Financial increased their target price on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.06.

TopBuild Trading Up 1.0%

NYSE BLD opened at $432.39 on Friday. The firm has a market cap of $12.14 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 7.20 and a beta of 1.67. TopBuild Corp. has a 52 week low of $266.26 and a 52 week high of $461.49. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The company has a 50 day moving average price of $432.32 and a 200 day moving average price of $403.76.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.22 by $0.14. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $5.68 earnings per share. As a group, sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.