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

Key Points

• E. Ohman J or Asset Management AB reduced its stake in TopBuild by 12.8%, selling 7,633 shares and now holding 51,815 shares (about 0.18% of the company) valued at ~$21.62 million according to its 13F filing.
• TopBuild beat Q4 estimates, reporting EPS of $4.50 versus $4.39 expected and revenue of $1.50 billion versus $1.49 billion, with revenue up 13.2% year-over-year although EPS declined from $5.13 a year earlier.
• The stock opened at $347.14 (52‑week range $266.26–$559.47); analysts have a consensus rating of "Moderate Buy" with a $437.93 target, and the company has a market cap of $9.77 billion and a P/E of 18.97.

E. Ohman J or Asset Management AB lessened its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 owned about 0.18% of TopBuild worth $21,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in TopBuild during the 3rd quarter worth $27,000. Root Financial Partners LLC acquired a new stake in shares of TopBuild in the 3rd quarter valued at $34,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of TopBuild during the second quarter worth $35,000. MAI Capital Management lifted its stake in shares of TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company's stock valued at $38,000 after acquiring an additional 26 shares during the period. Finally, SJS Investment Consulting Inc. boosted its holdings in TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company's stock valued at $41,000 after acquiring an additional 103 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Up 3.5%

Shares of NYSE BLD opened at $347.14 on Tuesday. TopBuild Corp. has a 52-week low of $266.26 and a 52-week high of $559.47. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The stock has a market cap of $9.77 billion, a P/E ratio of 18.97, a P/E/G ratio of 4.21 and a beta of 1.72. The firm has a 50 day moving average price of $462.83 and a 200 day moving average price of $439.37.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Zacks Research cut TopBuild from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. DA Davidson dropped their price target on shares of TopBuild from $485.00 to $465.00 and set a "buy" rating for the company in a research note on Wednesday, March 18th. Benchmark reduced their price objective on shares of TopBuild from $515.00 to $500.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company lowered their target price on shares of TopBuild from $600.00 to $525.00 and set an "overweight" rating for the company in a report on Friday, February 27th. Finally, Weiss Ratings cut shares of TopBuild from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $437.93.

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.

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