E. Ohman J or Asset Management AB Boosts Stock Holdings in TopBuild Corp. $BLD

Key Points

• E. Ohman J or Asset Management AB increased its holdings in TopBuild Corp. by 7.0%, owning 81,384 shares worth approximately $26.35 million as of the end of the second quarter.
• TopBuild reported earnings of $5.31 per share for the last quarter, exceeding analysts' estimates of $5.07, despite a 5.0% decline in year-over-year revenue.
• TopBuild stock has seen recent upgrades from analysts, with target prices ranging from $398 to $444, indicating a consensus rating of "Moderate Buy."

E. Ohman J or Asset Management AB boosted its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,384 shares of the construction company's stock after buying an additional 5,344 shares during the period. E. Ohman J or Asset Management AB owned 0.28% of TopBuild worth $26,347,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BLD. Captrust Financial Advisors increased its stake in TopBuild by 9.6% during the 4th quarter. Captrust Financial Advisors now owns 2,297 shares of the construction company's stock worth $715,000 after buying an additional 202 shares in the last quarter. Cetera Investment Advisers increased its stake in TopBuild by 11.2% during the 4th quarter. Cetera Investment Advisers now owns 3,591 shares of the construction company's stock worth $1,118,000 after buying an additional 361 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in TopBuild by 97.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,243 shares of the construction company's stock worth $698,000 after buying an additional 1,109 shares in the last quarter. Janus Henderson Group PLC increased its stake in TopBuild by 0.3% during the 4th quarter. Janus Henderson Group PLC now owns 18,259 shares of the construction company's stock worth $5,678,000 after buying an additional 54 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in TopBuild during the 4th quarter worth approximately $1,211,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Down 2.1%

TopBuild stock opened at $417.35 on Monday. TopBuild Corp. has a twelve month low of $266.26 and a twelve month high of $445.74. The stock's fifty day simple moving average is $402.02 and its 200-day simple moving average is $335.74. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $11.74 billion, a P/E ratio of 20.55, a P/E/G ratio of 5.58 and a beta of 1.61.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, topping analysts' consensus estimates of $5.07 by $0.24. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the company earned $5.42 earnings per share. The company's revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. As a group, equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the transaction, the insider owned 4,934 shares of the company's stock, valued at $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the transaction, the vice president directly owned 10,349 shares in the company, valued at $4,295,041.98. This trade represents a 8.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,663 shares of company stock worth $5,709,488. 0.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on BLD shares. JPMorgan Chase & Co. boosted their target price on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Evercore ISI upped their price objective on TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a report on Wednesday, August 6th. Bank of America upped their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Seaport Res Ptn upgraded TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, Benchmark upped their price objective on TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, TopBuild presently has a consensus rating of "Moderate Buy" and an average target price of $394.67.

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.

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