SG Americas Securities LLC trimmed its position in TopBuild Corp (NYSE:BLD) by 58.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,855 shares of the construction company’s stock after selling 6,702 shares during the period. SG Americas Securities LLC’s holdings in TopBuild were worth $368,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of BLD. Jaffetilchin Investment Partners LLC bought a new stake in shares of TopBuild in the third quarter valued at about $217,000. DE Burlo Group Inc. bought a new stake in shares of TopBuild in the third quarter valued at about $230,000. Shelton Capital Management bought a new stake in shares of TopBuild in the third quarter valued at about $234,000. Dynamic Technology Lab Private Ltd bought a new stake in TopBuild during the second quarter worth about $260,000. Finally, Macquarie Group Ltd. bought a new stake in TopBuild during the third quarter worth about $514,000. Institutional investors own 94.76% of the company’s stock.
In other TopBuild news, insider Robert M. Buck sold 23,112 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $74.12, for a total transaction of $1,713,061.44. Following the transaction, the insider now owns 73,917 shares of the company’s stock, valued at $5,478,728.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Paul Joachimczyk sold 2,227 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $76.15, for a total value of $169,586.05. Following the transaction, the vice president now directly owns 7,699 shares in the company, valued at approximately $586,278.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,271 shares of company stock worth $2,405,043. Company insiders own 1.30% of the company’s stock.
TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, February 27th. The construction company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $501.40 million for the quarter, compared to the consensus estimate of $491.80 million. TopBuild had a return on equity of 10.65% and a net margin of 8.30%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. equities analysts forecast that TopBuild Corp will post 3.9 EPS for the current year.
Several analysts recently issued reports on BLD shares. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Friday, January 5th. Jefferies Group started coverage on TopBuild in a report on Tuesday, December 12th. They set a “buy” rating and a $79.00 target price on the stock. ValuEngine lowered TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks upped their target price on TopBuild to $82.00 and gave the stock a “reduce” rating in a report on Wednesday, February 28th. Finally, Nomura upgraded TopBuild from a “neutral” rating to a “buy” rating and upped their target price for the stock from $69.00 to $78.00 in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $69.43.
TopBuild 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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