TopBuild Corp. (BLD) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC reduced its stake in TopBuild Corp. (NYSE:BLD) by 40.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,646 shares of the construction company’s stock after selling 1,805 shares during the period. SG Americas Securities LLC’s holdings in TopBuild Corp. were worth $140,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. First Mercantile Trust Co. purchased a new stake in shares of TopBuild Corp. in the 2nd quarter worth approximately $213,000. Granite Investment Partners LLC lifted its position in shares of TopBuild Corp. by 2.5% in the 2nd quarter. Granite Investment Partners LLC now owns 313,253 shares of the construction company’s stock worth $16,624,000 after purchasing an additional 7,674 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of TopBuild Corp. by 11.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 179,146 shares of the construction company’s stock worth $9,508,000 after purchasing an additional 19,007 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of TopBuild Corp. in the 2nd quarter worth approximately $111,000. Finally, Great West Life Assurance Co. Can lifted its position in shares of TopBuild Corp. by 1.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 53,893 shares of the construction company’s stock worth $2,858,000 after purchasing an additional 981 shares during the period. Institutional investors and hedge funds own 92.01% of the company’s stock.
BLD has been the subject of several research reports. TheStreet raised shares of TopBuild Corp. from a “c” rating to a “b-” rating in a research report on Friday, June 16th. BidaskClub cut shares of TopBuild Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research cut shares of TopBuild Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $59.00 price target (up previously from $56.00) on shares of TopBuild Corp. in a research report on Monday, June 26th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $54.60.
Shares of TopBuild Corp. (BLD) opened at 61.48 on Monday. The stock has a market cap of $2.24 billion, a PE ratio of 34.08 and a beta of 0.61. The stock has a 50 day moving average of $58.99 and a 200 day moving average of $58.99. TopBuild Corp. has a 12 month low of $28.81 and a 12 month high of $61.88.
TopBuild Corp. (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. TopBuild Corp. had a return on equity of 9.09% and a net margin of 3.73%. The company had revenue of $474.50 million for the quarter, compared to analyst estimates of $477.72 million. During the same quarter last year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate that TopBuild Corp. will post $2.80 earnings per share for the current fiscal year.
In other news, CEO Gerald Volas sold 44,356 shares of TopBuild Corp. stock in a transaction on Friday, August 18th. The stock was sold at an average price of $56.81, for a total value of $2,519,864.36. Following the transaction, the chief executive officer now owns 149,201 shares in the company, valued at approximately $8,476,108.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
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TopBuild Corp. Company Profile
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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