Sei Investments Co. Sells 2,510 Shares of TopBuild Corp. $BLD

Sei Investments Co. cut its holdings in TopBuild Corp. (NYSE:BLD) by 7.9% during the first quarter, Holdings Channel.com reports. The firm owned 29,245 shares of the construction company’s stock after selling 2,510 shares during the quarter. Sei Investments Co.’s holdings in TopBuild were worth $10,274,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC acquired a new position in TopBuild during the fourth quarter worth $26,000. Advisory Services Network LLC bought a new position in TopBuild in the third quarter valued at $27,000. Parallel Advisors LLC increased its stake in TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after buying an additional 25 shares during the last quarter. Global Retirement Partners LLC increased its stake in TopBuild by 310.5% in the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock valued at $33,000 after buying an additional 59 shares during the last quarter. Finally, First Horizon Corp lifted its position in TopBuild by 138.9% during the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after buying an additional 50 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

BLD has been the topic of several analyst reports. Evercore set a $360.00 target price on TopBuild in a report on Monday, June 29th. Weiss Ratings restated a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. Zacks Research raised TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. DA Davidson reiterated a “neutral” rating and set a $437.00 price objective (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. Finally, Seaport Research Partners reiterated 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 given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $465.00.

TopBuild Price Performance

TopBuild stock opened at $354.53 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41. The company’s 50-day moving average is $383.73 and its 200-day moving average is $417.93. The firm has a market capitalization of $9.94 billion, a PE ratio of 19.92, a P/E/G ratio of 4.80 and a beta of 1.80. TopBuild Corp. has a fifty-two week low of $321.67 and a fifty-two week high of $559.47.

TopBuild (NYSE:BLD) last issued its 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. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business posted $4.63 EPS. TopBuild’s revenue was up 17.2% on a year-over-year basis. Sell-side analysts anticipate that TopBuild Corp. will post 18.07 earnings per share for the current year.

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.