TopBuild (NYSE:BLD) Hits New 12-Month Low – Time to Sell?

TopBuild Corp. (NYSE:BLD) shares reached a new 52-week low on Friday . The company traded as low as $302.62 and last traded at $303.04, with a volume of 231263 shares traded. The stock had previously closed at $321.40.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BLD shares. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. DA Davidson decreased their target price 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. Evercore ISI lowered shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the company from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and an average target price of $437.00.

TopBuild Stock Performance

The firm’s fifty day moving average price is $327.76 and its 200 day moving average price is $362.25. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.92 and a beta of 1.85.

Hedge Funds Weigh In On TopBuild

Several large investors have recently made changes to their positions in the stock. Amiral Gestion acquired a new position in shares of TopBuild in the 4th quarter worth approximately $486,000. Toronto Dominion Bank increased its stake in TopBuild by 62.8% during the 4th quarter. Toronto Dominion Bank now owns 3,436 shares of the construction company’s stock worth $1,069,000 after buying an additional 1,326 shares during the period. GTS Securities LLC purchased a new stake in TopBuild during the 4th quarter worth approximately $268,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in TopBuild during the 4th quarter worth approximately $16,623,000. Finally, Voloridge Investment Management LLC purchased a new stake in TopBuild during the 4th quarter worth approximately $10,967,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

About TopBuild

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.