SG Americas Securities LLC Lowers Stock Position in TopBuild Corp. (NYSE:BLD)

SG Americas Securities LLC reduced its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 40.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLD. CIBC Asset Management Inc raised its position in TopBuild by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock worth $301,000 after acquiring an additional 48 shares in the last quarter. Navellier & Associates Inc. increased its holdings in shares of TopBuild by 4.9% in the fourth quarter. Navellier & Associates Inc. now owns 4,414 shares of the construction company's stock valued at $1,374,000 after purchasing an additional 206 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of TopBuild in the fourth quarter valued at $1,450,000. Y Intercept Hong Kong Ltd increased its holdings in shares of TopBuild by 124.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 2,279 shares of the construction company's stock valued at $710,000 after purchasing an additional 1,265 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of TopBuild by 8.8% in the fourth quarter. IFP Advisors Inc now owns 1,015 shares of the construction company's stock valued at $316,000 after purchasing an additional 82 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. DA Davidson decreased their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Wall Street Zen downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Benchmark reduced their price objective on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $380.22.

TopBuild Price Performance

Shares of BLD stock traded up $2.62 on Tuesday, reaching $327.16. The company had a trading volume of 324,664 shares, compared to its average volume of 326,060. The business's 50-day moving average is $294.94 and its 200 day moving average is $310.12. The stock has a market capitalization of $9.35 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 3.26 and a beta of 1.62. TopBuild Corp. has a one year low of $266.26 and a one year high of $495.68. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62.

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

Insider Activity at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction on Monday, May 12th. The shares were sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the sale, the insider now owns 7,007 shares in the company, valued at $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.43% of the stock is owned by company insiders.

About TopBuild

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.