Sei Investments Co. Decreases Stock Holdings in TopBuild Corp. (NYSE:BLD)

Sei Investments Co. reduced its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 21.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 9,052 shares of the construction company's stock after selling 2,523 shares during the quarter. Sei Investments Co.'s holdings in TopBuild were worth $3,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild during the 2nd quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC purchased a new stake in TopBuild during the 1st quarter worth about $31,000. Rise Advisors LLC purchased a new stake in TopBuild during the 1st quarter worth about $37,000. Headlands Technologies LLC bought a new stake in shares of TopBuild during the first quarter valued at about $56,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of TopBuild by 2,300.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company's stock worth $99,000 after buying an additional 253 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Stock Down 1.0 %

TopBuild stock traded down $4.18 during mid-day trading on Thursday, reaching $398.80. The stock had a trading volume of 163,913 shares, compared to its average volume of 289,297. The company has a market capitalization of $12.69 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.53 and a beta of 1.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. TopBuild Corp. has a one year low of $217.08 and a one year high of $495.68. The company has a 50-day moving average price of $398.16 and a two-hundred day moving average price of $406.96.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.25 EPS. On average, analysts expect that TopBuild Corp. will post 21.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Evercore ISI reduced their target price on TopBuild from $555.00 to $489.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. StockNews.com lowered shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Tuesday. Jefferies Financial Group increased their price target on shares of TopBuild from $486.00 to $536.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Truist Financial dropped their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a report on Wednesday, August 7th. Finally, Stephens reduced their target price on TopBuild from $435.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $449.00.

TopBuild Company Profile

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.