Nordea Investment Management AB Decreases Stake in TopBuild Corp. $BLD

Nordea Investment Management AB lowered its stake in TopBuild Corp. (NYSE:BLD) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 263,016 shares of the construction company’s stock after selling 15,787 shares during the quarter. Nordea Investment Management AB owned 0.94% of TopBuild worth $111,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of TopBuild by 4.0% in the fourth quarter. GAMMA Investing LLC now owns 734 shares of the construction company’s stock worth $306,000 after purchasing an additional 28 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in TopBuild by 1,058.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 9,265 shares of the construction company’s stock valued at $3,621,000 after buying an additional 8,465 shares during the last quarter. AIA Group Ltd purchased a new stake in TopBuild during the 3rd quarter valued at $768,000. Lindenwold Advisors INC purchased a new stake in TopBuild during the 3rd quarter valued at $350,000. Finally, Mirabella Financial Services LLP grew its holdings in TopBuild by 160.9% in the 3rd quarter. Mirabella Financial Services LLP now owns 5,747 shares of the construction company’s stock worth $2,242,000 after acquiring an additional 3,544 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 3.3%

Shares of TopBuild stock opened at $335.57 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.34 and a debt-to-equity ratio of 1.21. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $559.47. The company has a market cap of $9.45 billion, a P/E ratio of 18.34, a PEG ratio of 4.21 and a beta of 1.72. The company’s fifty day simple moving average is $465.36 and its two-hundred day simple moving average is $439.96.

TopBuild (NYSE:BLD) last posted its earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.39 by $0.11. TopBuild had a net margin of 9.65% and a return on equity of 25.66%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company posted $5.13 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Wall Street Analyst Weigh In

BLD has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their price objective on shares of TopBuild from $410.00 to $433.00 and gave the company a “sector perform” rating in a research report on Friday, February 27th. Zacks Research lowered shares of TopBuild from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Weiss Ratings cut TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Wells Fargo & Company reduced their price target on TopBuild from $600.00 to $525.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Finally, Jefferies Financial Group upped their price target on TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $437.93.

TopBuild Profile

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.