TopBuild Corp. (NYSE:BLD) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in shares of TopBuild Corp. (NYSE:BLD) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,621 shares of the construction company’s stock after selling 7,200 shares during the quarter. Swiss National Bank owned approximately 0.20% of TopBuild worth $23,437,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new position in shares of TopBuild during the 4th quarter valued at approximately $28,000. Nomura Asset Management Co. Ltd. grew its position in shares of TopBuild by 37.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 159 shares of the construction company’s stock valued at $40,000 after purchasing an additional 43 shares during the period. Headlands Technologies LLC purchased a new stake in shares of TopBuild during the third quarter worth about $44,000. Cullen Frost Bankers Inc. acquired a new position in shares of TopBuild during the 3rd quarter worth about $75,000. Finally, Planned Solutions Inc. purchased a new position in TopBuild in the 4th quarter valued at about $112,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on BLD shares. Evercore ISI boosted their price objective on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. DA Davidson assumed coverage on TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price objective for the company. Stephens reaffirmed an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research note on Tuesday, April 23rd. The Goldman Sachs Group upped their target price on shares of TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $420.90.

TopBuild Price Performance

Shares of BLD stock opened at $396.55 on Thursday. The firm’s 50-day moving average is $414.16 and its two-hundred day moving average is $363.89. TopBuild Corp. has a 12 month low of $199.31 and a 12 month high of $452.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The company has a market capitalization of $12.62 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.67.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.56 by $0.25. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $4.36 earnings per share. Analysts predict that TopBuild Corp. will post 21.02 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.