TopBuild (NYSE:BLD) Sets New 52-Week Low – Here’s Why

TopBuild Corp. (NYSE:BLD) reached a new 52-week low during trading on Thursday . The company traded as low as $279.15 and last traded at $281.11, with a volume of 100260 shares traded. The stock had previously closed at $312.99.

Analyst Ratings Changes

BLD has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday. They set a “buy” rating and a $356.00 target price for the company. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and cut their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Loop Capital dropped their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Truist Financial lowered their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Price Performance

The business has a fifty day moving average of $317.36 and a two-hundred day moving average of $347.85. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.82 and a beta of 1.77.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.69 EPS. As a group, research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

A number of large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in TopBuild during the 3rd quarter worth $31,000. Winch Advisory Services LLC acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc grew its position in TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after buying an additional 72 shares in the last quarter. Quantbot Technologies LP acquired a new position in TopBuild in the 3rd quarter valued at $45,000. Finally, V Square Quantitative Management LLC lifted its position in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after acquiring an additional 42 shares during the period. 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.