Nordea Investment Management AB Purchases 193,969 Shares of TopBuild Corp. $BLD

Nordea Investment Management AB boosted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 228.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 278,803 shares of the construction company’s stock after acquiring an additional 193,969 shares during the quarter. Nordea Investment Management AB owned approximately 0.99% of TopBuild worth $107,873,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. MAI Capital Management increased its stake in shares of TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. CWM LLC lifted its stake in shares of TopBuild by 6.6% in the 3rd quarter. CWM LLC now owns 419 shares of the construction company’s stock valued at $164,000 after purchasing an additional 26 shares during the last quarter. UMB Bank n.a. boosted its holdings in TopBuild by 8.0% in the second quarter. UMB Bank n.a. now owns 364 shares of the construction company’s stock worth $118,000 after purchasing an additional 27 shares in the last quarter. Secure Asset Management LLC increased its position in TopBuild by 1.3% during the second quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $702,000 after buying an additional 27 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in TopBuild by 3.5% during the third quarter. Park Avenue Securities LLC now owns 979 shares of the construction company’s stock worth $383,000 after buying an additional 33 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Trading Up 3.1%

Shares of BLD stock opened at $489.37 on Wednesday. The company has a market capitalization of $13.74 billion, a P/E ratio of 24.84, a P/E/G ratio of 7.84 and a beta of 1.68. TopBuild Corp. has a 12-month low of $266.26 and a 12-month high of $491.09. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $433.29 and a 200 day moving average price of $415.48.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the business posted $5.68 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of TopBuild stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the transaction, the vice president owned 9,349 shares in the company, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BLD has been the subject of a number of analyst reports. Royal Bank Of Canada began coverage on TopBuild in a research report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target for the company. Benchmark raised their price target on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Jefferies Financial Group lifted their price objective on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Vertical Research started coverage on shares of TopBuild in a research report on Tuesday, October 21st. They set a “buy” rating and a $517.96 target price on the stock. Finally, Weiss Ratings raised TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, December 31st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $437.06.

TopBuild Company 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.