TopBuild Corp. (NYSE:BLD) Short Interest Down 7.7% in September

TopBuild Corp. (NYSE:BLD) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 737,000 shares, a drop of 7.7% from the September 15th total of 798,200 shares. Based on an average daily volume of 304,100 shares, the short-interest ratio is presently 2.4 days. Currently, 2.5% of the company’s shares are short sold.

Hedge Funds Weigh In On TopBuild

Large investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC bought a new position in TopBuild in the second quarter valued at about $30,000. Allspring Global Investments Holdings LLC bought a new position in shares of TopBuild during the 1st quarter valued at about $31,000. Rise Advisors LLC bought a new position in TopBuild during the first quarter valued at approximately $37,000. UMB Bank n.a. grew its holdings in shares of TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of TopBuild during the 1st quarter valued at about $56,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Up 0.2 %

Shares of BLD stock traded up $0.63 during mid-day trading on Thursday, reaching $409.22. 180,460 shares of the company’s stock traded hands, compared to its average volume of 285,019. The company’s 50-day moving average price is $388.37 and its 200-day moving average price is $404.36. The company has a market cap of $13.02 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.45 and a beta of 1.77. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. TopBuild has a 12 month low of $217.08 and a 12 month high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $5.25 EPS. TopBuild’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts expect that TopBuild will post 21.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BLD. Evercore ISI boosted their price target on TopBuild from $489.00 to $491.00 and gave the company an “outperform” rating in a research note on Wednesday. Stephens lowered their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. DA Davidson decreased their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. Jefferies Financial Group reduced their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $446.89.

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.