TopBuild Corp. (NYSE:BLD) Short Interest Up 14.7% in December

TopBuild Corp. (NYSE:BLD - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 856,600 shares, a growth of 14.7% from the November 30th total of 746,500 shares. Based on an average trading volume of 289,700 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLD. DA Davidson dropped their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. 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 report on Wednesday, October 9th. Evercore ISI cut shares of TopBuild from an "outperform" rating to an "inline" rating and reduced their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Finally, StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $439.38.

Hedge Funds Weigh In On TopBuild

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of TopBuild by 14.1% in the third quarter. JPMorgan Chase & Co. now owns 85,613 shares of the construction company's stock valued at $34,828,000 after acquiring an additional 10,612 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in TopBuild during the 3rd quarter valued at $31,000. World Investment Advisors LLC bought a new position in TopBuild in the 3rd quarter valued at $54,000. Anchor Investment Management LLC boosted its stake in TopBuild by 10.3% in the third quarter. Anchor Investment Management LLC now owns 888 shares of the construction company's stock worth $361,000 after purchasing an additional 83 shares in the last quarter. Finally, Fortem Financial Group LLC grew its holdings in shares of TopBuild by 450.8% during the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company's stock worth $2,129,000 after purchasing an additional 4,283 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of BLD stock traded up $0.24 during trading hours on Monday, hitting $310.91. The company had a trading volume of 288,976 shares, compared to its average volume of 291,745. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.31 and a beta of 1.79. TopBuild has a 12 month low of $302.70 and a 12 month high of $495.68. The firm's fifty day moving average is $359.65 and its 200 day moving average is $386.64.

TopBuild (NYSE:BLD - Get Free Report) last released 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company posted $5.43 earnings per share. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that TopBuild will post 20.95 EPS for the current fiscal year.

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.

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