Sei Investments Co. Has $10.87 Million Stock Position in TopBuild Corp. (NYSE:BLD)

Sei Investments Co. raised its stake in TopBuild Corp. (NYSE:BLD - Free Report) by 670.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,924 shares of the construction company's stock after purchasing an additional 30,390 shares during the period. Sei Investments Co. owned 0.12% of TopBuild worth $10,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company's stock valued at $455,639,000 after acquiring an additional 34,911 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company's stock valued at $255,526,000 after acquiring an additional 12,909 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of TopBuild by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 292,531 shares of the construction company's stock valued at $91,076,000 after acquiring an additional 11,762 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of TopBuild by 7.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 251,588 shares of the construction company's stock valued at $78,329,000 after purchasing an additional 18,174 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of TopBuild by 6.6% during the fourth quarter. American Century Companies Inc. now owns 149,802 shares of the construction company's stock worth $46,639,000 after acquiring an additional 9,266 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

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TopBuild Price Performance

BLD stock traded down $28.89 during trading on Thursday, hitting $284.10. The company had a trading volume of 595,298 shares, compared to its average volume of 311,045. The business has a 50 day moving average of $315.94 and a 200 day moving average of $347.41. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 1.82 and a beta of 1.77. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a fifty-two week low of $279.15 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping analysts' consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $4.69 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Benchmark decreased their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and decreased their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Truist Financial reduced their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday. They set a "buy" rating and a $356.00 price objective for the company. Finally, StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $398.56.

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.