SG Americas Securities LLC Decreases Stake in TopBuild Corp. $BLD

SG Americas Securities LLC lessened its holdings in shares of TopBuild Corp. (NYSE:BLD) by 65.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,512 shares of the construction company’s stock after selling 21,692 shares during the quarter. SG Americas Securities LLC’s holdings in TopBuild were worth $4,044,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Core Wealth Advisors LLC acquired a new position in TopBuild during the fourth quarter worth about $26,000. Advisory Services Network LLC purchased a new position in TopBuild in the 3rd quarter worth approximately $27,000. Parallel Advisors LLC boosted its holdings in shares of TopBuild by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock worth $31,000 after purchasing an additional 25 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of TopBuild by 310.5% during the 4th quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after purchasing an additional 59 shares during the last quarter. Finally, First Horizon Corp grew its position in shares of TopBuild by 138.9% in the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 15.7%

Shares of TopBuild stock opened at $358.54 on Tuesday. The stock has a 50 day moving average of $420.18 and a 200 day moving average of $430.92. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 5.77 and a beta of 1.80. TopBuild Corp. has a fifty-two week low of $321.67 and a fifty-two week high of $559.47.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 5th. The construction company reported $3.75 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.11. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. TopBuild had a return on equity of 23.53% and a net margin of 8.95%.The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.63 earnings per share. As a group, research analysts predict that TopBuild Corp. will post 18.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research upgraded TopBuild from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TopBuild in a research note on Tuesday, June 9th. DA Davidson reiterated a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. Evercore set a $360.00 price target on shares of TopBuild in a research report on Monday. Finally, Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective for the company. in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average 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.