Sei Investments Co. Has $10.27 Million Position in TopBuild Corp. $BLD

Sei Investments Co. lessened its position in TopBuild Corp. (NYSE:BLD) by 7.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,245 shares of the construction company’s stock after selling 2,510 shares during the period. Sei Investments Co. owned approximately 0.10% of TopBuild worth $10,274,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in shares of TopBuild in the 4th quarter valued at $26,000. Advisory Services Network LLC bought a new stake in shares of TopBuild in the 3rd quarter valued at $27,000. Parallel Advisors LLC raised its stake in TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after buying an additional 25 shares during the period. Global Retirement Partners LLC raised its stake in TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after buying an additional 59 shares during the period. Finally, First Horizon Corp lifted its holdings in TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after acquiring an additional 50 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on BLD. Loop Capital cut 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. Evercore set a $360.00 price objective on TopBuild in a report on Monday, June 29th. DA Davidson reiterated a “neutral” rating and issued a $437.00 price objective (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of TopBuild in a research report on Tuesday, June 9th. Finally, Seaport Research Partners reissued a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $465.00.

TopBuild Price Performance

Shares of NYSE BLD opened at $354.53 on Friday. The company has a fifty day moving average price of $383.73 and a 200 day moving average price of $417.93. The firm has a market cap of $9.94 billion, a PE ratio of 19.92, a PEG ratio of 4.80 and a beta of 1.80. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. TopBuild Corp. has a 1-year low of $321.67 and a 1-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 (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.11. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the business posted $4.63 EPS. Research analysts predict that TopBuild Corp. will post 18.07 earnings per share for the current fiscal year.

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.