Danske Bank A S Trims Stake in TopBuild Corp. $BLD

Key Points

• Danske Bank A/S cut its stake by 88% in TopBuild during Q4, selling 3,672 shares and retaining 500 shares worth $209,000, while other large institutions (e.g., Capital Research, Capital World Investors) increased positions and overall institutional ownership is 95.67%.
• TopBuild beat Q1 estimates with revenue of $1.45B (+17.2% Y/Y) and EPS of $3.75 versus $3.64 expected, but analyst sentiment is mixed—the consensus rating is a "Hold" with a $456.28 target and several recent downgrades/price-target cuts.

Danske Bank A S cut its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 88.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 500 shares of the construction company's stock after selling 3,672 shares during the period. Danske Bank A S's holdings in TopBuild were worth $209,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Capital Research Global Investors grew its stake in TopBuild by 1.8% in the third quarter. Capital Research Global Investors now owns 3,496,884 shares of the construction company's stock worth $1,366,806,000 after purchasing an additional 62,690 shares during the period. Capital World Investors lifted its position in TopBuild by 1.8% during the third quarter. Capital World Investors now owns 864,574 shares of the construction company's stock valued at $337,927,000 after buying an additional 15,009 shares during the period. Bank of America Corp DE boosted its holdings in shares of TopBuild by 14.8% during the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company's stock valued at $274,349,000 after buying an additional 109,572 shares in the last quarter. Boston Partners grew its position in shares of TopBuild by 1.0% in the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company's stock worth $305,662,000 after buying an additional 7,400 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in shares of TopBuild by 7.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 697,047 shares of the construction company's stock worth $290,811,000 after buying an additional 50,762 shares during the period. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Performance

Shares of BLD opened at $438.97 on Thursday. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 5.39 and a beta of 1.85. The business's fifty day simple moving average is $400.28 and its two-hundred day simple moving average is $436.68. TopBuild Corp. has a 12 month low of $273.87 and a 12 month high of $559.47. The company has a current ratio of 2.00, a quick ratio of 1.34 and a debt-to-equity ratio of 1.16.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter in the previous year, the business earned $4.63 earnings per share. The company's revenue was up 17.2% on a year-over-year basis. Research analysts anticipate that TopBuild Corp. will post 18.12 earnings per share for the current fiscal year.

Key Headlines Impacting TopBuild

Here are the key news stories impacting TopBuild this week:

• Positive Sentiment: Q1 results beat revenue and EPS estimates — TopBuild reported revenue of $1.45B (+17.2% Y/Y) and EPS of $3.75, topping consensus and highlighting growth from recent acquisitions. Read More.
• Positive Sentiment: Profitability and returns remain solid — the quarter showed healthy margins and strong ROE (reported roughly mid-20% range), which supports earnings quality despite EPS being lower than a year ago. Read More.
• Neutral Sentiment: Analyst write-ups and earnings snapshots provide context on key metrics — several outlets and research notes dig into segment trends, estimate comparisons and year-ago EPS headwinds. Useful for investors wanting detail on margin drivers and acquisition contribution. Read More.
• Negative Sentiment: Loop Capital downgraded BLD from Buy to Hold and set a $485 price target, signaling reduced conviction in near-term upside despite the beat; this could limit further immediate gains from investors who follow that shop. Read More.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLD. Seaport Research Partners reissued a "neutral" rating on shares of TopBuild in a research report on Tuesday, April 7th. Zacks Research cut shares of TopBuild from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. Wells Fargo & Company decreased their target price on shares of TopBuild from $525.00 to $475.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. Weiss Ratings lowered shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 27th. Finally, Benchmark cut their price target on TopBuild from $515.00 to $500.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $456.28.

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.

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