E. Ohman J or Asset Management AB Sells 2,917 Shares of TopBuild Corp. $BLD

E. Ohman J or Asset Management AB decreased its holdings in TopBuild Corp. (NYSE:BLD) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,898 shares of the construction company’s stock after selling 2,917 shares during the period. E. Ohman J or Asset Management AB’s holdings in TopBuild were worth $17,178,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in TopBuild by 48.2% in the 1st quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after buying an additional 837 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in TopBuild by 106.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 239 shares of the construction company’s stock valued at $77,000 after acquiring an additional 123 shares during the period. First Trust Advisors LP raised its holdings in TopBuild by 8.1% during the 2nd quarter. First Trust Advisors LP now owns 67,835 shares of the construction company’s stock valued at $21,961,000 after acquiring an additional 5,093 shares during the period. Marshall Wace LLP purchased a new stake in shares of TopBuild during the second quarter worth $489,000. Finally, Federated Hermes Inc. lifted its position in shares of TopBuild by 10.7% during the second quarter. Federated Hermes Inc. now owns 6,759 shares of the construction company’s stock worth $2,188,000 after acquiring an additional 654 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BLD shares. DA Davidson reaffirmed a “neutral” rating and issued a $437.00 price target (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. Benchmark decreased their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Weiss Ratings reissued a “hold (c)” rating on shares of TopBuild in a report on Tuesday, June 9th. Loop Capital downgraded TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price for the company. in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company cut their target price on TopBuild from $525.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $466.77.

TopBuild Stock Down 0.2%

BLD opened at $425.72 on Friday. The company has a fifty day moving average price of $418.29 and a 200-day moving average price of $432.29. The firm has a market capitalization of $11.93 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 5.75 and a beta of 1.80. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. TopBuild Corp. has a one year low of $300.27 and a one year high of $559.47.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the firm posted $4.63 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 18.16 earnings per share for the current fiscal year.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.