Sei Investments Co. Grows Stake in TopBuild Corp. (BLD)
Sei Investments Co. lifted its position in shares of TopBuild Corp. (NYSE:BLD) by 7,188.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,521 shares of the construction company’s stock after buying an additional 78,430 shares during the quarter. Sei Investments Co. owned approximately 0.21% of TopBuild worth $5,182,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in BLD. BNP Paribas Arbitrage SA raised its stake in TopBuild by 59.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,244 shares of the construction company’s stock valued at $1,254,000 after purchasing an additional 7,183 shares during the last quarter. Alps Advisors Inc. acquired a new position in TopBuild in the 3rd quarter valued at about $516,000. Pitcairn Co. acquired a new position in TopBuild in the 3rd quarter valued at about $762,000. Jaffetilchin Investment Partners LLC acquired a new position in TopBuild in the 3rd quarter valued at about $217,000. Finally, DE Burlo Group Inc. acquired a new position in TopBuild in the 3rd quarter valued at about $230,000. 95.96% of the stock is owned by institutional investors and hedge funds.
Shares of TopBuild Corp. (NYSE BLD) opened at $65.84 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2,342.52, a PE ratio of 25.82 and a beta of 0.62. TopBuild Corp. has a fifty-two week low of $35.31 and a fifty-two week high of $67.27.
TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 7th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $489.04 million during the quarter, compared to analysts’ expectations of $491.43 million. TopBuild had a return on equity of 9.88% and a net margin of 4.03%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 EPS. equities research analysts forecast that TopBuild Corp. will post 2.74 earnings per share for the current fiscal year.
Several research analysts recently weighed in on BLD shares. Zacks Investment Research raised shares of TopBuild from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Thursday, August 10th. BidaskClub downgraded shares of TopBuild from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $75.00 target price on shares of TopBuild in a research note on Wednesday, October 4th. Nomura boosted their target price on shares of TopBuild from $58.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Finally, KeyCorp reissued an “overweight” rating on shares of TopBuild in a research note on Friday, November 10th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.67.
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TopBuild Company Profile
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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