TopBuild (NYSE:BLD) Sets New 12-Month Low – Should You Sell?

TopBuild Corp. (NYSE:BLD) reached a new 52-week low during trading on Thursday . The company traded as low as $317.74 and last traded at $318.53, with a volume of 640670 shares changing hands. The stock had previously closed at $338.29.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Jefferies Financial Group reduced their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. DA Davidson lowered their price target 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. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the stock from $443.00 to $381.00 in a research report on Monday. Finally, Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Trading Down 5.8 %

The company’s 50 day simple moving average is $372.14 and its 200-day simple moving average is $391.41. The firm has a market cap of $9.40 billion, a P/E ratio of 16.07, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm 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%. TopBuild’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $5.43 EPS. As a group, research analysts predict that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

Institutional Trading of TopBuild

Large investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild during the 2nd quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of TopBuild in the third quarter valued at approximately $31,000. Kennebec Savings Bank purchased a new position in TopBuild during the 3rd quarter worth $45,000. Quantbot Technologies LP bought a new stake in TopBuild during the 3rd quarter valued at $45,000. Finally, UMB Bank n.a. lifted its holdings in shares of TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after buying an additional 62 shares during the period. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.