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

Nordea Investment Management AB lifted its stake in TopBuild Corp. (NYSE:BLD) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,506 shares of the construction company’s stock after acquiring an additional 1,352 shares during the period. Nordea Investment Management AB owned approximately 0.12% of TopBuild worth $10,707,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BLD. Commonwealth Equity Services LLC boosted its stake in TopBuild by 21.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,404 shares of the construction company’s stock worth $926,000 after purchasing an additional 430 shares during the period. Caprock Group LLC bought a new stake in TopBuild during the 2nd quarter worth approximately $594,000. Ashton Thomas Private Wealth LLC purchased a new stake in TopBuild in the 2nd quarter worth approximately $30,000. Headlands Technologies LLC boosted its holdings in TopBuild by 838.1% in the 2nd quarter. Headlands Technologies LLC now owns 1,182 shares of the construction company’s stock valued at $455,000 after purchasing an additional 1,056 shares during the period. Finally, ClariVest Asset Management LLC grew its position in shares of TopBuild by 0.6% during 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 in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

TopBuild Stock Performance

Shares of BLD stock opened at $319.00 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild Corp. has a fifty-two week low of $302.70 and a fifty-two week high of $495.68. The company has a market capitalization of $9.41 billion, a P/E ratio of 16.09, a PEG ratio of 2.31 and a beta of 1.84. The stock has a 50 day moving average price of $350.69 and a two-hundred day moving average price of $381.59.

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

About TopBuild

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.