TopBuild Corp. $BLD Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in shares of TopBuild Corp. (NYSE:BLD) by 65.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,512 shares of the construction company’s stock after selling 21,692 shares during the period. SG Americas Securities LLC’s holdings in TopBuild were worth $4,044,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC purchased a new stake in TopBuild in the fourth quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new stake in shares of TopBuild in the third quarter valued at $27,000. Parallel Advisors LLC grew its stake in shares of TopBuild by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after buying an additional 25 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of 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 period. Finally, First Horizon Corp raised its holdings in shares of TopBuild by 138.9% in the 4th quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

BLD stock opened at $358.54 on Tuesday. TopBuild Corp. has a 1 year low of $321.67 and a 1 year high of $559.47. The firm has a market capitalization of $10.05 billion, a P/E ratio of 20.14, a P/E/G ratio of 5.77 and a beta of 1.80. 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 business’s 50-day moving average is $420.18 and its two-hundred day moving average is $430.92.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm earned $4.63 earnings per share. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that TopBuild Corp. will post 18.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on BLD shares. Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wells Fargo & Company cut their price target on shares of TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $496.00 price objective (up from $487.00) on shares of TopBuild in a research note on Tuesday, April 21st. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research note on Tuesday, April 7th. Finally, Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 target price on the stock. in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $460.00.

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.