E. Ohman J or Asset Management AB Raises 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 grew its position in TopBuild Corp. (NYSE:BLD - Free Report) by 7.0% during the second quarter, according to its most recent 13F filing with the SEC. 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.

Other institutional investors have also modified their holdings of the company. SVB Wealth LLC bought a new stake in shares of TopBuild in the 1st quarter valued at about $35,000. Parallel Advisors LLC raised its position in shares of TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of TopBuild in the 1st quarter valued at approximately $50,000. MassMutual Private Wealth & Trust FSB raised its position in shares of TopBuild by 240.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after purchasing an additional 132 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of TopBuild by 170.1% in the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company's stock valued at $80,000 after purchasing an additional 165 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jeff M. Krestancic sold 373 shares of TopBuild stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total transaction of $154,795.00. Following the transaction, the insider owned 4,934 shares in the company, valued at $2,047,610. The trade was a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.19, for a total value of $3,051,646.50. Following the transaction, the chief executive officer owned 73,225 shares in the company, valued at approximately $30,402,287.75. This represents a 9.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,663 shares of company stock worth $5,709,488 in the last quarter. 0.43% of the stock is currently owned by insiders.

TopBuild Stock Performance

Shares of NYSE:BLD traded down $6.30 during trading on Friday, hitting $412.60. 133,645 shares of the stock traded hands, compared to its average volume of 362,499. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 5.51 and a beta of 1.61. The company has a fifty day moving average price of $405.94 and a two-hundred day moving average price of $338.41. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $445.74.

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

Analysts Set New Price Targets

BLD has been the subject of several research analyst reports. Loop Capital increased their price objective on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Evercore ISI increased their price objective on shares of TopBuild from $347.00 to $418.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. Bank of America increased their price objective on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, Benchmark raised their price target on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.