Nordea Investment Management AB Buys 1,352 Shares of TopBuild Corp. (NYSE:BLD)

Nordea Investment Management AB grew its stake in TopBuild Corp. (NYSE:BLD) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 34,506 shares of the construction company’s stock after purchasing an additional 1,352 shares during the period. Nordea Investment Management AB’s holdings in TopBuild were worth $10,707,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TFG Advisers LLC increased its position in shares of TopBuild by 1.1% during the third quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock valued at $1,210,000 after buying an additional 31 shares during the period. CIBC Asset Management Inc grew its holdings in shares of TopBuild by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock worth $374,000 after acquiring an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC raised its position in shares of TopBuild by 0.6% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $2,181,000 after acquiring an additional 33 shares in the last quarter. CWM LLC raised its position in shares of TopBuild by 10.3% in the 3rd quarter. CWM LLC now owns 387 shares of the construction company’s stock worth $157,000 after acquiring an additional 36 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its stake in shares of TopBuild by 0.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 6,170 shares of the construction company’s stock valued at $2,377,000 after purchasing an additional 37 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of NYSE BLD opened at $319.00 on Thursday. The firm has a market cap of $9.41 billion, a P/E ratio of 16.09, a PEG ratio of 2.31 and a beta of 1.84. TopBuild Corp. has a twelve month low of $302.70 and a twelve month 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. The company has a 50 day moving average of $350.69 and a 200 day moving average of $381.59.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business earned $5.43 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. As a group, research analysts expect that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and reduced their price target for the stock from $443.00 to $381.00 in a research note on Monday, December 16th. Jefferies Financial Group decreased their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $439.38.

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.