TopBuild (NYSE:BLD) Reaches New 1-Year Low – Here’s What Happened

TopBuild Corp. (NYSE:BLD) hit a new 52-week low on Friday . The stock traded as low as $340.13 and last traded at $342.12, with a volume of 144978 shares. The stock had previously closed at $357.16.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BLD. DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group decreased their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Evercore ISI dropped their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and an average target price of $447.13.

TopBuild Price Performance

The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $375.48 and its two-hundred day moving average price is $393.05. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. During the same quarter last year, the business posted $5.43 EPS. The company’s revenue was up 3.6% on a year-over-year basis. Equities research analysts forecast that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of TopBuild during the 2nd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in TopBuild during the third quarter worth $31,000. Kennebec Savings Bank acquired a new stake in TopBuild during the third quarter valued at $45,000. Quantbot Technologies LP purchased a new position in TopBuild in the third quarter valued at $45,000. Finally, UMB Bank n.a. increased its holdings in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after buying an additional 62 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

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, garage doors, fireplaces, roofing materials, closet shelving, and other products.