TopBuild (NYSE:BLD) Hits New 52-Week Low – What’s Next?

TopBuild Corp. (NYSE:BLD)’s stock price reached a new 52-week low during trading 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BLD. Jefferies Financial Group cut their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. DA Davidson cut their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Evercore ISI decreased their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Trading Down 4.3 %

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company’s 50-day moving average price is $376.31 and its 200-day moving average price is $393.57. The firm has a market capitalization of $10.09 billion, a PE ratio of 17.31, a PEG ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion for 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%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $5.43 EPS. On average, sell-side analysts expect that TopBuild Corp. will post 20.95 earnings per share for the current year.

Institutional Trading of TopBuild

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pitcairn Co. increased its holdings in shares of TopBuild by 178.2% in the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock valued at $903,000 after purchasing an additional 1,422 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of TopBuild by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after acquiring an additional 820 shares during the period. Icon Wealth Advisors LLC increased its stake in shares of TopBuild by 704.6% during the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock worth $933,000 after acquiring an additional 2,008 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in TopBuild by 37.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after purchasing an additional 48,562 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in TopBuild by 72.0% in the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock valued at $4,600,000 after purchasing an additional 4,703 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.