TopBuild (NYSE:BLD) Sets New 52-Week Low After Analyst Downgrade

Shares of TopBuild Corp. (NYSE:BLD) reached a new 52-week low during trading on Monday after Benchmark lowered their price target on the stock from $445.00 to $375.00. Benchmark currently has a buy rating on the stock. TopBuild traded as low as $293.88 and last traded at $296.24, with a volume of 219299 shares. The stock had previously closed at $306.39.

Other research analysts have also issued reports about the stock. Truist Financial cut their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday. The Goldman Sachs Group reduced their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TopBuild currently has an average rating of “Moderate Buy” and an average price target of $411.78.

Institutional Investors Weigh In On TopBuild

Several institutional investors have recently added to or reduced their stakes in the company. Winch Advisory Services LLC purchased a new stake in shares of TopBuild during the fourth quarter worth about $26,000. Versant Capital Management Inc increased its holdings in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after purchasing an additional 72 shares during the period. Wilmington Savings Fund Society FSB bought a new position in TopBuild during the 3rd quarter valued at approximately $31,000. V Square Quantitative Management LLC lifted its holdings in TopBuild by 55.3% in the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after buying an additional 42 shares during the period. Finally, Kennebec Savings Bank purchased a new position in shares of TopBuild during the third quarter valued at approximately $45,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Stock Performance

The company has a market cap of $8.74 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.82 and a beta of 1.85. The business has a fifty day moving average of $326.00 and a 200 day moving average of $359.83. 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 announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $4.69 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts predict that TopBuild Corp. will post 20.97 EPS for the current year.

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.