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

SG Americas Securities LLC lessened its stake in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 40.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,825 shares of the construction company's stock after selling 1,245 shares during the quarter. SG Americas Securities LLC's holdings in TopBuild were worth $557,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BLD. Parallel Advisors LLC boosted its holdings in TopBuild by 111.5% in the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock worth $39,000 after acquiring an additional 68 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in TopBuild by 240.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock valued at $57,000 after purchasing an additional 132 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in TopBuild during the 4th quarter worth $81,000. UMB Bank n.a. increased its stake in TopBuild by 144.2% during the 1st quarter. UMB Bank n.a. now owns 337 shares of the construction company's stock worth $103,000 after buying an additional 199 shares during the period. Finally, Park Square Financial Group LLC acquired a new position in TopBuild in the 4th quarter worth $111,000. Hedge funds and other institutional investors own 95.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BLD shares. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. Loop Capital dropped their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. DA Davidson reduced their target price on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Stephens cut their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, TopBuild presently has an average rating of "Moderate Buy" and a consensus price target of $380.22.

TopBuild Stock Performance

BLD traded up $1.75 during trading hours on Thursday, hitting $321.21. 220,280 shares of the stock were exchanged, compared to its average volume of 325,464. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 3.21 and a beta of 1.62. The stock has a 50-day simple moving average of $296.45 and a 200-day simple moving average of $309.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. TopBuild Corp. has a 12 month low of $266.26 and a 12 month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm posted $4.81 EPS. The company's revenue for the quarter was down 3.6% on a year-over-year basis. Analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current year.

Insiders Place Their Bets

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the sale, the insider now directly owns 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.43% of the stock is currently owned by corporate insiders.

TopBuild Company 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.