TopBuild Corp. (NYSE:BLD) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 22.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,737 shares of the construction company's stock after purchasing an additional 1,800 shares during the period. Handelsbanken Fonder AB's holdings in TopBuild were worth $2,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in TopBuild by 57.8% in the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company's stock worth $10,160,000 after purchasing an additional 11,948 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after purchasing an additional 42 shares in the last quarter. New York State Teachers Retirement System lifted its stake in TopBuild by 4.0% in the 4th quarter. New York State Teachers Retirement System now owns 33,706 shares of the construction company's stock worth $10,494,000 after purchasing an additional 1,289 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in TopBuild by 0.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock worth $1,681,000 after purchasing an additional 40 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in TopBuild by 1.1% in the 4th quarter. Principal Financial Group Inc. now owns 116,612 shares of the construction company's stock worth $36,306,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Stephens decreased their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Benchmark cut their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Truist Financial decreased their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. Finally, DA Davidson lowered their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $380.22.

TopBuild Trading Down 3.3%

TopBuild stock traded down $10.20 during trading on Friday, hitting $298.83. The company had a trading volume of 374,837 shares, compared to its average volume of 323,180. TopBuild Corp. has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company's 50 day simple moving average is $292.20 and its 200-day simple moving average is $314.40. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $4.81 EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. As a group, analysts expect that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Activity at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the transaction, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.43% of the stock is owned by insiders.

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.