E. Ohman J or Asset Management AB Sells 7,633 Shares of TopBuild Corp. $BLD

E. Ohman J or Asset Management AB lessened its stake in TopBuild Corp. (NYSE:BLD) by 12.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,815 shares of the construction company’s stock after selling 7,633 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in TopBuild were worth $21,617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLD. Advisory Services Network LLC bought a new position in TopBuild during the 3rd quarter worth about $27,000. Root Financial Partners LLC bought a new stake in shares of TopBuild in the third quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of TopBuild during the second quarter worth about $35,000. MAI Capital Management grew its holdings in shares of TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after buying an additional 26 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of TopBuild by 3,433.3% during the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock worth $41,000 after buying an additional 103 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on BLD. DA Davidson cut their target price on TopBuild from $485.00 to $465.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Zacks Research cut shares of TopBuild from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Benchmark cut their price objective on shares of TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Jefferies Financial Group increased their target price on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, Weiss Ratings downgraded shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $437.93.

TopBuild Stock Up 3.5%

BLD stock opened at $347.14 on Tuesday. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 4.21 and a beta of 1.72. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $559.47. The business has a 50 day moving average price of $462.83 and a two-hundred day moving average price of $439.37. The company has a quick ratio of 1.34, a current ratio of 1.94 and a debt-to-equity ratio of 1.21.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $4.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.39 by $0.11. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the business posted $5.13 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. Analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

TopBuild 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.