TopBuild Corp. $BLD Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of TopBuild Corp. (NYSE:BLD) by 1,658.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,085 shares of the construction company’s stock after buying an additional 30,260 shares during the period. SG Americas Securities LLC owned 0.11% of TopBuild worth $10,387,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BLD. SVB Wealth LLC acquired a new position in TopBuild in the first quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of TopBuild in the 2nd quarter worth approximately $35,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TopBuild in the 2nd quarter worth approximately $63,000. Blue Trust Inc. boosted its position in TopBuild by 21.7% during the 2nd quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock valued at $73,000 after purchasing an additional 40 shares during the period. Finally, Signaturefd LLC grew its stake in TopBuild by 170.1% during the 1st quarter. Signaturefd LLC now owns 262 shares of the construction company’s stock worth $80,000 after buying an additional 165 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BLD shares. Seaport Res Ptn upgraded TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. UBS Group set a $370.00 price target on TopBuild and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Truist Financial raised their price target on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. Finally, Vertical Research began coverage on shares of TopBuild in a research note on Tuesday, October 21st. They set a “buy” rating and a $517.96 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $425.83.

TopBuild Stock Performance

Shares of NYSE BLD opened at $418.31 on Monday. TopBuild Corp. has a 1 year low of $266.26 and a 1 year high of $461.49. The firm has a market cap of $11.74 billion, a P/E ratio of 21.23, a PEG ratio of 6.99 and a beta of 1.64. The stock has a fifty day moving average price of $420.47 and a two-hundred day moving average price of $374.86. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned $5.68 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. Research analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Buying and Selling

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.47, for a total value of $590,584.50. Following the completion of the sale, the chief financial officer directly owned 14,283 shares of the company’s stock, valued at approximately $6,248,384.01. This represents a 8.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.43% of the company’s stock.

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.