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

Shares of TopBuild Corp. (NYSE:BLD) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $340.13 and last traded at $342.12, with a volume of 144978 shares changing hands. The stock had previously closed at $357.16.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BLD shares. Jefferies Financial Group dropped 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. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. DA Davidson lowered their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Evercore ISI reduced their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Trading Down 4.3 %

The firm has a fifty day moving average of $376.31 and a 200 day moving average of $393.57. The firm has a market capitalization of $10.09 billion, a PE ratio of 17.31, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

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

Hedge Funds Weigh In On TopBuild

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its holdings in TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after buying an additional 161,743 shares during the last quarter. State Street Corp increased its stake in TopBuild by 3.2% during the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after purchasing an additional 34,911 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of TopBuild by 2.1% during the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after purchasing an additional 12,909 shares during the period. Liontrust Investment Partners LLP lifted its position in shares of TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after buying an additional 57,880 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in TopBuild during the 3rd quarter valued at approximately $114,220,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.