TopBuild Corp. (NYSE:BLD) Short Interest Update

TopBuild Corp. (NYSE:BLD) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 813,700 shares, a growth of 8.5% from the October 31st total of 749,800 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 287,700 shares, the short-interest ratio is currently 2.8 days.

TopBuild Stock Down 2.5 %

BLD stock traded down $10.00 during trading on Wednesday, hitting $382.69. 166,940 shares of the company’s stock were exchanged, compared to its average volume of 287,413. The business has a 50-day moving average price of $380.66 and a two-hundred day moving average price of $395.04. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.45 and a beta of 1.79. TopBuild has a 52-week low of $308.01 and a 52-week high of $495.68. 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 earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.43 earnings per share. As a group, equities research analysts expect that TopBuild will post 20.99 EPS for the current year.

Hedge Funds Weigh In On TopBuild

A number of institutional investors have recently modified their holdings of BLD. Ashton Thomas Private Wealth LLC acquired a new position in shares of TopBuild in the 2nd quarter valued at $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of TopBuild in the 3rd quarter valued at $31,000. Kennebec Savings Bank acquired a new position in shares of TopBuild in the 3rd quarter valued at $45,000. Quantbot Technologies LP acquired a new position in shares of TopBuild in the 3rd quarter valued at $45,000. Finally, UMB Bank n.a. increased its stake in TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after buying an additional 62 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLD has been the topic of a number of research reports. DA Davidson decreased their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Truist Financial cut their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Stephens cut their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Evercore ISI cut their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and an average price target of $440.44.

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.