SG Americas Securities LLC Cuts Holdings in TopBuild Corp. $BLD

SG Americas Securities LLC lowered its holdings in TopBuild Corp. (NYSE:BLD) by 57.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,568 shares of the construction company’s stock after selling 18,517 shares during the quarter. SG Americas Securities LLC’s holdings in TopBuild were worth $5,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLD. AQR Capital Management LLC raised its position in TopBuild by 48.2% in the 1st quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after buying an additional 837 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of TopBuild by 9.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,307 shares of the construction company’s stock worth $37,298,000 after acquiring an additional 10,351 shares during the period. Voya Investment Management LLC raised its holdings in shares of TopBuild by 40.3% during the first quarter. Voya Investment Management LLC now owns 58,517 shares of the construction company’s stock valued at $17,845,000 after purchasing an additional 16,805 shares during the last quarter. Swedbank AB raised its holdings in shares of TopBuild by 4.9% during the first quarter. Swedbank AB now owns 19,991 shares of the construction company’s stock valued at $6,096,000 after purchasing an additional 936 shares during the last quarter. Finally, Kera Capital Partners Inc. bought a new position in TopBuild during the second quarter valued at approximately $224,000. 95.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BLD shares. DA Davidson reaffirmed a “buy” rating and issued a $485.00 target price on shares of TopBuild in a research report on Wednesday, December 10th. Weiss Ratings raised TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, December 31st. Truist Financial upped their price objective on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research report on Thursday, October 9th. Benchmark raised their target price on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Vertical Research assumed coverage on TopBuild in a research note on Tuesday, October 21st. They set a “buy” rating and a $517.96 price target for the company. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $437.06.

Insider Transactions at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the sale, the vice president owned 9,349 shares in the company, valued at approximately $4,210,789.60. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.

TopBuild Price Performance

Shares of TopBuild stock opened at $464.84 on Friday. The stock’s fifty day moving average is $430.85 and its 200 day moving average is $412.60. TopBuild Corp. has a one year low of $266.26 and a one year high of $466.92. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90. The stock has a market cap of $13.05 billion, a P/E ratio of 23.60, a P/E/G ratio of 7.69 and a beta of 1.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $5.68 earnings per share. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.