SG Americas Securities LLC Reduces Holdings in TopBuild Corp. (NYSE:BLD)

SG Americas Securities LLC trimmed its position in shares of TopBuild Corp. (NYSE:BLD - Free Report) by 74.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 579 shares of the construction company's stock after selling 1,648 shares during the quarter. SG Americas Securities LLC's holdings in TopBuild were worth $236,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in TopBuild during the 1st quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild in the second quarter valued at approximately $30,000. Headlands Technologies LLC acquired a new stake in TopBuild during the 1st quarter valued at approximately $56,000. Blue Trust Inc. raised its holdings in TopBuild by 27.4% during the 2nd quarter. Blue Trust Inc. now owns 293 shares of the construction company's stock worth $113,000 after purchasing an additional 63 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of TopBuild in the 1st quarter worth approximately $131,000. 95.67% of the stock is currently owned by institutional investors.

TopBuild Stock Down 3.6 %

Shares of NYSE:BLD traded down $14.07 during mid-day trading on Tuesday, hitting $378.52. 215,011 shares of the company traded hands, compared to its average volume of 284,373. The stock has a market cap of $12.04 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.45 and a beta of 1.77. The stock has a 50-day moving average price of $390.29 and a two-hundred day moving average price of $403.45. TopBuild Corp. has a 12-month low of $217.08 and a 12-month high of $495.68. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD - Get Free Report) last posted its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company earned $5.25 EPS. The business's revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that TopBuild Corp. will post 21.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLD has been the subject of a number of analyst reports. DA Davidson lowered their target price on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a research report on Wednesday, October 9th. Truist Financial cut their target price on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Friday, October 11th. Finally, Evercore ISI increased their price target on TopBuild from $489.00 to $491.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $446.89.

TopBuild 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.