TopBuild (NYSE:BLD) Sets New 1-Year Low - What's Next?

TopBuild Corp. (NYSE:BLD - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as $340.13 and last traded at $342.12, with a volume of 144978 shares. The stock had previously closed at $357.16.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BLD. Evercore ISI cut their price target on shares of TopBuild from $491.00 to $443.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Tuesday, October 29th. Seaport Res Ptn cut TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday. Jefferies Financial Group lowered their price target on TopBuild from $525.00 to $515.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Finally, DA Davidson cut their price objective 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. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $440.44.

TopBuild Stock Down 3.6 %

The business's fifty day simple moving average is $375.48 and its two-hundred day simple moving average is $393.05. The company has a market cap of $10.16 billion, a PE ratio of 17.37, a PEG ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $5.43 earnings per share. On average, analysts predict that TopBuild Corp. will post 20.95 earnings per share for the current year.

Institutional Trading of TopBuild

Large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in TopBuild during the 3rd quarter valued at about $31,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of TopBuild during the 2nd quarter worth approximately $30,000. Quantbot Technologies LP purchased a new stake in shares of TopBuild in the third quarter valued at approximately $45,000. Kennebec Savings Bank acquired a new stake in shares of TopBuild in the third quarter valued at approximately $45,000. Finally, UMB Bank n.a. lifted its position in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company's stock worth $54,000 after buying an additional 62 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other 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.