Livforsakringsbolaget Skandia Omsesidigt Cuts Holdings in TopBuild Corp. (NYSE:BLD)

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 36.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its position in shares of TopBuild by 779.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after purchasing an additional 535,478 shares in the last quarter. Norges Bank purchased a new position in TopBuild during the fourth quarter valued at $108,688,000. Westwood Holdings Group Inc. purchased a new position in TopBuild during the fourth quarter valued at $80,844,000. Interval Partners LP purchased a new stake in shares of TopBuild in the fourth quarter worth $53,424,000. Finally, GAMMA Investing LLC grew its stake in shares of TopBuild by 167,622.2% in the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after acquiring an additional 150,860 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Performance

BLD traded up $9.26 during trading on Tuesday, hitting $310.06. The company's stock had a trading volume of 325,697 shares, compared to its average volume of 321,253. The business's 50 day simple moving average is $290.68 and its 200-day simple moving average is $315.80. The firm has a market cap of $8.86 billion, a PE ratio of 15.64, a P/E/G ratio of 1.82 and a beta of 1.62. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

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

Insider Buying and Selling

In other news, insider Steven P. Raia sold 1,738 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BLD shares. Wall Street Zen cut shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Loop Capital cut their price target on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. DA Davidson decreased their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Benchmark cut their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $380.22.

TopBuild Company 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.