Handelsbanken Fonder AB Buys 1,200 Shares of TopBuild Corp. $BLD

Handelsbanken Fonder AB raised its position in shares of TopBuild Corp. (NYSE:BLD) by 15.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,837 shares of the construction company’s stock after purchasing an additional 1,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in TopBuild were worth $3,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLD. Inscription Capital LLC increased its position in shares of TopBuild by 104.6% during the third quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock worth $1,153,000 after buying an additional 1,508 shares during the period. Calamos Advisors LLC bought a new stake in TopBuild during the third quarter valued at $997,000. WCM Investment Management LLC acquired a new stake in TopBuild during the 3rd quarter worth about $17,734,000. Campbell & CO Investment Adviser LLC raised its position in shares of TopBuild by 697.8% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock worth $3,090,000 after acquiring an additional 6,915 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of TopBuild by 244.2% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 93,870 shares of the construction company’s stock valued at $36,698,000 after purchasing an additional 66,601 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BLD. Royal Bank Of Canada raised their target price on TopBuild from $410.00 to $433.00 and gave the stock a “sector perform” rating in a research note on Friday, February 27th. Jefferies Financial Group raised their price objective on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Wells Fargo & Company lowered their price objective on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $485.00 price target on shares of TopBuild in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $439.26.

TopBuild Stock Performance

Shares of BLD stock opened at $433.07 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. The firm has a fifty day simple moving average of $480.31 and a two-hundred day simple moving average of $444.42. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $559.47. The firm has a market capitalization of $12.19 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 5.13 and a beta of 1.72.

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

About TopBuild

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.