TopBuild Corp. (NYSE:BLD) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lowered its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 36.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,900 shares of the construction company's stock after selling 1,650 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in TopBuild were worth $884,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Snowden Capital Advisors LLC lifted its stake in shares of TopBuild by 2.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock worth $429,000 after purchasing an additional 33 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in TopBuild by 0.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock valued at $1,681,000 after purchasing an additional 40 shares during the last quarter. V Square Quantitative Management LLC lifted its position in TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after buying an additional 42 shares during the period. CIBC Asset Management Inc lifted its position in TopBuild by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock worth $301,000 after buying an additional 48 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in TopBuild by 0.3% in 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 during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction dated 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 directly owns 7,007 shares of the company's stock, valued at $2,179,036.86. This represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by corporate insiders.

TopBuild Trading Down 3.3%

Shares of BLD stock traded down $10.20 during mid-day trading on Friday, reaching $298.83. The company's stock had a trading volume of 374,837 shares, compared to its average volume of 323,179. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $8.54 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62. The company's 50 day simple moving average is $292.20 and its 200-day simple moving average is $314.40. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $495.68.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BLD shares. Wall Street Zen lowered shares of TopBuild from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. DA Davidson dropped their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Truist Financial cut their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective for the company. Finally, Benchmark dropped their price objective on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, TopBuild has an average rating of "Moderate Buy" and an average price target of $380.22.

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.