TopBuild (NYSE:BLD) Reaches New 1-Year Low After Analyst Downgrade

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

Several other equities research analysts also recently weighed in on the stock. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Loop Capital dropped their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Truist Financial lowered their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $411.78.

Institutional Investors Weigh In On TopBuild

A number of institutional investors and hedge funds have recently bought and sold shares of BLD. CIBC Asset Management Inc increased its holdings in shares of TopBuild by 3.6% in the third quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock valued at $374,000 after purchasing an additional 32 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of TopBuild by 0.6% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock worth $2,181,000 after purchasing an additional 33 shares during the last quarter. Snowden Capital Advisors LLC grew its position in shares of TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company’s stock valued at $429,000 after purchasing an additional 33 shares during the period. Atlanta Consulting Group Advisors LLC grew its position in shares of TopBuild by 1.5% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock valued at $1,098,000 after purchasing an additional 39 shares during the period. Finally, Pathstone Holdings LLC increased its stake in TopBuild by 1.0% in the third quarter. Pathstone Holdings LLC now owns 4,208 shares of the construction company’s stock valued at $1,712,000 after purchasing an additional 41 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Down 3.3 %

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 $8.66 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85. The business has a 50 day simple moving average of $325.69 and a 200-day simple moving average of $359.25.

TopBuild (NYSE:BLD) last posted its 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. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business posted $4.69 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities analysts predict that TopBuild Corp. will post 20.97 earnings per share for the current 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, garage doors, fireplaces, roofing materials, closet shelving, and other products.