Swedbank AB Sells 5,269 Shares of TopBuild Corp. $BLD

Key Points

• Swedbank AB has reduced its holdings in TopBuild Corp. by 26.4%, selling 5,269 shares and now owning 14,722 shares valued at approximately $4.77 million.
• Multiple institutional investors, including T. Rowe Price and Dimensional Fund Advisors, have increased their stakes in TopBuild, highlighting heightened interest from the investment community.
• TopBuild's recent earnings report showed EPS of $5.31, surpassing analyst estimates, although the company's revenue experienced a 5% decline compared to the previous year.

Swedbank AB cut its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 26.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,722 shares of the construction company's stock after selling 5,269 shares during the period. Swedbank AB owned approximately 0.05% of TopBuild worth $4,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its position in shares of TopBuild by 5.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 639,040 shares of the construction company's stock worth $194,876,000 after acquiring an additional 34,885 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in TopBuild by 25.0% during the first quarter. Dimensional Fund Advisors LP now owns 465,376 shares of the construction company's stock valued at $141,908,000 after purchasing an additional 93,011 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of TopBuild by 32.3% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 386,920 shares of the construction company's stock worth $117,992,000 after acquiring an additional 94,389 shares during the period. Boston Partners purchased a new stake in shares of TopBuild during the 1st quarter valued at approximately $116,738,000. Finally, Northern Trust Corp lifted its position in shares of TopBuild by 1.2% during the first quarter. Northern Trust Corp now owns 318,995 shares of the construction company's stock worth $97,278,000 after acquiring an additional 3,774 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BLD. Loop Capital increased their price objective on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Bank of America lifted their price target on TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, UBS Group set a $370.00 target price on TopBuild and gave the stock a "hold" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $394.67.

Insider Activity

In other TopBuild news, CFO Robert M. Kuhns sold 2,000 shares of TopBuild stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $416.10, for a total transaction of $832,200.00. Following the transaction, the chief financial officer owned 15,633 shares of the company's stock, valued at $6,504,891.30. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction 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 trade represents a 9.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,663 shares of company stock worth $5,709,488 over the last ninety days. Company insiders own 0.43% of the company's stock.

TopBuild Trading Down 1.4%

Shares of BLD stock opened at $413.23 on Monday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 20.35, a P/E/G ratio of 5.54 and a beta of 1.61. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The firm's 50 day moving average is $406.62 and its 200 day moving average is $339.69. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $445.74.

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

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.

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