TopBuild (NYSE:BLD) Hits New 1-Year Low – Should You Sell?

TopBuild Corp. (NYSE:BLD)’s stock price reached a new 52-week low on Monday . The company traded as low as $303.16 and last traded at $303.16, with a volume of 19613 shares trading hands. The stock had previously closed at $310.67.

Analyst Upgrades and Downgrades

BLD has been the topic of several recent analyst reports. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Jefferies Financial Group dropped their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $439.38.

TopBuild Trading Down 1.0 %

The stock’s fifty day moving average price is $359.65 and its 200 day moving average price is $386.64. The stock has a market cap of $9.07 billion, a P/E ratio of 15.52, a PEG ratio of 2.31 and a beta of 1.79. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm posted $5.43 earnings per share. TopBuild’s quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts expect that TopBuild Corp. will post 20.95 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BLD. Pitcairn Co. increased its holdings in shares of TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock valued at $903,000 after acquiring an additional 1,422 shares in the last quarter. Icon Wealth Advisors LLC grew its position in TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after purchasing an additional 2,008 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after purchasing an additional 48,562 shares in the last quarter. Bank of Montreal Can raised its holdings in TopBuild by 72.0% in the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after buying an additional 4,703 shares during the last quarter. Finally, Fortem Financial Group LLC lifted its stake in shares of TopBuild by 450.8% in the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company’s stock worth $2,129,000 after buying an additional 4,283 shares in the last quarter. Hedge funds and other institutional investors 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.