TopBuild (NYSE:BLD) Stock Price Down 3.6% - Here's Why

Shares of TopBuild Corp. (NYSE:BLD - Get Free Report) dropped 3.6% during mid-day trading on Friday . The stock traded as low as $384.02 and last traded at $384.51. Approximately 44,595 shares changed hands during trading, a decline of 85% from the average daily volume of 288,023 shares. The stock had previously closed at $398.78.

Analyst Ratings Changes

Several research analysts recently weighed in on BLD shares. Stephens reduced their price target on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday, August 8th. DA Davidson cut their price objective on TopBuild from $470.00 to $460.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Jefferies Financial Group upped their price target on TopBuild from $486.00 to $536.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Truist Financial cut their price target on TopBuild from $410.00 to $395.00 and set a "hold" rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $449.00.

TopBuild Price Performance

The company's 50 day moving average is $397.23 and its 200-day moving average is $406.91. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $12.28 billion, a PE ratio of 20.20, a P/E/G ratio of 2.53 and a beta of 1.77.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $5.25 EPS. As a group, sell-side analysts predict that TopBuild Corp. will post 21.18 earnings per share for the current year.

Institutional Investors Weigh In On TopBuild

Institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild during the second quarter worth about $30,000. Allspring Global Investments Holdings LLC acquired a new stake in TopBuild in the 1st quarter valued at approximately $31,000. Rise Advisors LLC bought a new stake in TopBuild during the 1st quarter valued at $37,000. Headlands Technologies LLC acquired a new position in TopBuild during the 1st quarter worth $56,000. Finally, Newbridge Financial Services Group Inc. boosted its position in TopBuild by 2,300.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company's stock worth $99,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds 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.