TopBuild Corp. (NYSE:BLD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in TopBuild Corp. (NYSE:BLD) by 74.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 579 shares of the construction company’s stock after selling 1,648 shares during the quarter. SG Americas Securities LLC’s holdings in TopBuild were worth $236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BLD. Anchor Investment Management LLC raised its stake in TopBuild by 17.5% during the 2nd quarter. Anchor Investment Management LLC now owns 805 shares of the construction company’s stock worth $310,000 after acquiring an additional 120 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in TopBuild during the 2nd quarter worth $2,004,000. B. Riley Wealth Advisors Inc. acquired a new stake in TopBuild during the 2nd quarter worth $412,000. Creative Planning raised its stake in TopBuild by 3.5% during the 2nd quarter. Creative Planning now owns 9,499 shares of the construction company’s stock worth $3,660,000 after acquiring an additional 319 shares in the last quarter. Finally, Algert Global LLC raised its stake in TopBuild by 8.8% during the 2nd quarter. Algert Global LLC now owns 9,414 shares of the construction company’s stock worth $3,627,000 after acquiring an additional 764 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Down 5.4 %

BLD stock opened at $392.46 on Tuesday. The firm’s 50-day simple moving average is $389.93 and its 200 day simple moving average is $403.76. The stock has a market cap of $12.49 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company earned $5.25 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that TopBuild Corp. will post 21.08 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BLD. DA Davidson lowered their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Stephens lowered their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Evercore ISI raised their price objective on shares of TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group lowered their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $446.89.

TopBuild 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.