Semanteon Capital Management LP Sells 1,281 Shares of TopBuild Corp. (NYSE:BLD)

Semanteon Capital Management LP lessened its holdings in TopBuild Corp. (NYSE:BLD - Free Report) by 58.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 911 shares of the construction company's stock after selling 1,281 shares during the period. Semanteon Capital Management LP's holdings in TopBuild were worth $284,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC increased its stake in TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company's stock worth $744,663,000 after acquiring an additional 161,743 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company's stock worth $46,389,000 after purchasing an additional 110,143 shares in the last quarter. E. Ohman J or Asset Management AB bought a new position in shares of TopBuild in the fourth quarter worth approximately $23,906,000. Victory Capital Management Inc. raised its stake in TopBuild by 116.9% in the fourth quarter. Victory Capital Management Inc. now owns 94,567 shares of the construction company's stock valued at $29,442,000 after purchasing an additional 50,959 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in TopBuild by 37.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company's stock valued at $72,747,000 after purchasing an additional 48,562 shares during the last quarter. Institutional investors own 95.67% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently commented on BLD. Benchmark decreased their price target on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Truist Financial reduced their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group dropped their price target on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Finally, Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and decreased their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $403.88.

TopBuild Trading Down 0.7 %

Shares of NYSE BLD traded down $2.24 during midday trading on Tuesday, reaching $312.86. The company had a trading volume of 339,635 shares, compared to its average volume of 302,368. The firm's fifty day moving average price is $322.04 and its 200-day moving average price is $350.23. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. TopBuild Corp. has a one year low of $288.31 and a one year high of $495.68. The stock has a market cap of $9.15 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89.

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

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.