SG Americas Securities LLC lowered its stake in shares of TopBuild Corp. (NYSE:BLD – Free Report) by 12.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,756 shares of the construction company’s stock after selling 1,116 shares during the quarter. SG Americas Securities LLC’s holdings in TopBuild were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd increased its position in shares of TopBuild by 5,416.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 662 shares of the construction company’s stock valued at $176,000 after buying an additional 650 shares during the period. Duality Advisers LP purchased a new position in shares of TopBuild during the first quarter valued at about $1,538,000. Aurora Investment Counsel increased its position in shares of TopBuild by 1.0% during the first quarter. Aurora Investment Counsel now owns 5,408 shares of the construction company’s stock valued at $1,126,000 after buying an additional 54 shares during the period. Prelude Capital Management LLC purchased a new position in shares of TopBuild during the first quarter valued at about $434,000. Finally, Brandywine Global Investment Management LLC increased its position in shares of TopBuild by 153.1% during the first quarter. Brandywine Global Investment Management LLC now owns 9,980 shares of the construction company’s stock valued at $2,077,000 after buying an additional 6,037 shares during the period. Hedge funds and other institutional investors own 95.58% of the company’s stock.
Insider Activity at TopBuild
In related news, CEO Robert M. Buck sold 4,500 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $301.76, for a total transaction of $1,357,920.00. Following the transaction, the chief executive officer now owns 73,830 shares in the company, valued at $22,278,940.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Robert M. Buck sold 4,500 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $301.76, for a total transaction of $1,357,920.00. Following the transaction, the chief executive officer now owns 73,830 shares in the company, valued at $22,278,940.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Jeffrey Franklin sold 776 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $296.88, for a total transaction of $230,378.88. Following the transaction, the insider now owns 15,065 shares in the company, valued at approximately $4,472,497.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,576 shares of company stock worth $2,263,881 over the last quarter. Company insiders own 0.46% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Research Report on BLD
TopBuild Trading Down 4.2 %
Shares of NYSE BLD opened at $248.37 on Friday. The firm’s 50 day moving average price is $280.27 and its 200-day moving average price is $240.31. The company has a market cap of $7.89 billion, a PE ratio of 13.25, a P/E/G ratio of 2.28 and a beta of 1.60. TopBuild Corp. has a 52-week low of $140.66 and a 52-week high of $307.54. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.86 and a current ratio of 2.37.
TopBuild (NYSE:BLD – Get Free Report) last issued its earnings results on Thursday, August 3rd. The construction company reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.30 by $0.95. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.26 billion. TopBuild had a net margin of 11.61% and a return on equity of 29.75%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.43 earnings per share. On average, equities research analysts expect that TopBuild Corp. will post 18.55 EPS for the current fiscal year.
TopBuild Company 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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.
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