TopBuild (NYSE:BLD) Reaches New 12-Month Low on Analyst Downgrade

TopBuild Corp. (NYSE:BLD)’s stock price reached a new 52-week low on Monday after Benchmark lowered their price target on the stock from $445.00 to $375.00. Benchmark currently has a buy rating on the stock. TopBuild traded as low as $293.88 and last traded at $296.24, with a volume of 219299 shares changing hands. The stock had previously closed at $306.39.

BLD has been the subject of a number of other reports. DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Truist Financial decreased their price target on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Loop Capital cut their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $411.78.

Institutional Trading of TopBuild

Several institutional investors and hedge funds have recently bought and sold shares of BLD. Park Square Financial Group LLC purchased a new stake in TopBuild in the fourth quarter worth $111,000. Amiral Gestion purchased a new position in shares of TopBuild in the 4th quarter worth $486,000. Toronto Dominion Bank raised its position in TopBuild by 62.8% in the fourth quarter. Toronto Dominion Bank now owns 3,436 shares of the construction company’s stock worth $1,069,000 after acquiring an additional 1,326 shares during the period. GTS Securities LLC bought a new position in shares of TopBuild during the 4th quarter valued at approximately $268,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of TopBuild in the fourth quarter worth approximately $16,623,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Down 3.3 %

The company’s 50-day moving average price is $325.69 and its 200 day moving average price is $359.25. 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 stock has a market capitalization of $8.66 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.82 and a beta of 1.85.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.69 EPS. As a group, equities analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.