SG Americas Securities LLC Buys 19,636 Shares of TopBuild Corp. $BLD

SG Americas Securities LLC increased its stake in shares of TopBuild Corp. (NYSE:BLD) by 144.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,204 shares of the construction company’s stock after purchasing an additional 19,636 shares during the quarter. SG Americas Securities LLC owned approximately 0.12% of TopBuild worth $13,852,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in TopBuild in the third quarter valued at about $27,000. Root Financial Partners LLC purchased a new stake in shares of TopBuild during the third quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of TopBuild during the second quarter valued at about $35,000. MAI Capital Management boosted its holdings in shares of TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of TopBuild by 3,433.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after buying an additional 103 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. DA Davidson reduced their price objective on shares of TopBuild from $485.00 to $465.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Wells Fargo & Company lowered their target price on shares of TopBuild from $600.00 to $525.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Weiss Ratings lowered shares of TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 27th. Zacks Research downgraded TopBuild from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Benchmark decreased their price objective on TopBuild from $515.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $437.93.

TopBuild Stock Up 0.3%

Shares of BLD stock opened at $348.90 on Friday. The stock’s 50-day simple moving average is $451.66 and its 200-day simple moving average is $437.15. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.34 and a current ratio of 1.94. The firm has a market capitalization of $9.82 billion, a PE ratio of 19.07, a P/E/G ratio of 4.38 and a beta of 1.72. TopBuild Corp. has a fifty-two week low of $266.26 and a fifty-two week high of $559.47.

TopBuild (NYSE:BLD) last released its earnings results on Thursday, February 26th. The construction company reported $4.50 EPS for the quarter, topping analysts’ consensus estimates of $4.39 by $0.11. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. TopBuild had a return on equity of 25.66% and a net margin of 9.65%.The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.13 earnings per share. Equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

About TopBuild

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.