TopBuild (NYSE:BLD) Hits New 1-Year Low - Should You Sell?

TopBuild Corp. (NYSE:BLD - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $303.16 and last traded at $303.16, with a volume of 19613 shares. The stock had previously closed at $310.67.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BLD. DA Davidson reduced their target price on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Evercore ISI lowered TopBuild from an "outperform" rating to an "inline" rating and reduced their price target for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, StockNews.com raised TopBuild from a "hold" rating to a "buy" rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $439.38.

TopBuild Stock Performance

The firm has a 50 day moving average of $359.65 and a two-hundred day moving average of $386.64. 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 stock has a market cap of $9.17 billion, a PE ratio of 15.69, a PEG ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share 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%. The company's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.43 EPS. Research analysts predict that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Several hedge funds have recently made changes to their positions in BLD. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild during the 2nd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild in the third quarter valued at approximately $31,000. Kennebec Savings Bank purchased a new position in shares of TopBuild during the third quarter worth approximately $45,000. Quantbot Technologies LP acquired a new position in shares of TopBuild in the 3rd quarter valued at $45,000. Finally, UMB Bank n.a. increased its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 95.67% of the company's stock.

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.