TopBuild (NYSE:BLD) Shares Gap Down - Time to Sell?

TopBuild Corp. (NYSE:BLD - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $370.55, but opened at $349.90. TopBuild shares last traded at $347.70, with a volume of 24,264 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BLD. Truist Financial cut their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a research report on Wednesday, August 7th. Evercore ISI lifted their target price on shares of TopBuild from $489.00 to $491.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a report on Friday, October 11th. DA Davidson cut their price objective on shares of TopBuild from $470.00 to $460.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, Stephens cut their price target 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. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $446.89.

TopBuild Stock Performance

The stock has a 50 day simple moving average of $389.85 and a two-hundred day simple moving average of $401.33. The company has a market cap of $11.33 billion, a PE ratio of 17.46, a PEG ratio of 2.45 and a beta of 1.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. TopBuild's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.25 earnings per share. Equities analysts predict that TopBuild Corp. will post 21.08 EPS for the current year.

Institutional Trading of TopBuild

Several hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its holdings in TopBuild by 37.9% during the third quarter. Janney Montgomery Scott LLC now owns 3,974 shares of the construction company's stock worth $1,617,000 after purchasing an additional 1,092 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of TopBuild by 107.1% in the third quarter. Farther Finance Advisors LLC now owns 468 shares of the construction company's stock valued at $190,000 after purchasing an additional 242 shares during the last quarter. US Bancorp DE lifted its position in shares of TopBuild by 539.0% in the third quarter. US Bancorp DE now owns 7,393 shares of the construction company's stock valued at $3,008,000 after acquiring an additional 6,236 shares in the last quarter. abrdn plc grew its holdings in shares of TopBuild by 0.4% during the third quarter. abrdn plc now owns 33,612 shares of the construction company's stock worth $13,674,000 after buying an additional 129 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in shares of TopBuild during the third quarter worth $892,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.