TopBuild Corp. (NYSE:BLD) Short Interest Down 8.3% in November

TopBuild Corp. (NYSE:BLD - Get Free Report) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 746,500 shares, a decline of 8.3% from the November 15th total of 813,700 shares. Based on an average daily volume of 282,500 shares, the short-interest ratio is currently 2.6 days. Approximately 2.6% of the company's stock are short sold.

TopBuild Stock Performance

TopBuild stock traded down $4.19 during trading hours on Monday, reaching $340.08. 391,243 shares of the company were exchanged, compared to its average volume of 287,608. TopBuild has a 12 month low of $335.28 and a 12 month 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. The stock has a 50-day moving average of $374.59 and a 200 day moving average of $392.49. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.43 EPS. As a group, research analysts anticipate that TopBuild will post 20.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BLD. Jefferies Financial Group dropped their price objective on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Evercore ISI cut TopBuild from an "outperform" rating to an "inline" rating and reduced their price objective for the company from $443.00 to $381.00 in a research report on Monday. DA Davidson lowered their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $439.38.

Hedge Funds Weigh In On TopBuild

Institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new position in TopBuild during the second quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of TopBuild during the third quarter valued at about $31,000. Kennebec Savings Bank bought a new stake in shares of TopBuild in the third quarter valued at about $45,000. Quantbot Technologies LP acquired a new stake in TopBuild during the third quarter worth about $45,000. Finally, UMB Bank n.a. raised its holdings 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 acquiring an additional 62 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.