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

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Loop Capital reduced their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Evercore ISI lowered 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 note on Monday, December 16th. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research report on Tuesday. They set a “buy” rating and a $356.00 price target for the company. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and an average price target of $398.56.

TopBuild Stock Performance

The company has a 50 day moving average of $314.95 and a two-hundred day moving average of $346.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The company has a market capitalization of $8.87 billion, a PE ratio of 15.30, a PEG ratio of 1.82 and a beta of 1.77.

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

Hedge Funds Weigh In On TopBuild

Several large investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in TopBuild during the third quarter valued at $45,000. Holocene Advisors LP bought a new position in TopBuild in the 3rd quarter worth about $3,600,000. Point72 Asset Management L.P. grew its position in TopBuild by 0.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 91,121 shares of the construction company’s stock valued at $37,069,000 after purchasing an additional 473 shares during the last quarter. Point72 DIFC Ltd grew its position in TopBuild by 1.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,535 shares of the construction company’s stock valued at $1,031,000 after purchasing an additional 46 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its stake in TopBuild by 1.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 100,171 shares of the construction company’s stock valued at $40,751,000 after purchasing an additional 1,684 shares in the last quarter. 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.