TopBuild (NYSE:BLD) Sets New 52-Week Low - Time to Sell?

TopBuild Corp. (NYSE:BLD - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $317.74 and last traded at $318.53, with a volume of 640670 shares changing hands. The stock had previously closed at $338.29.

Analyst Ratings Changes

Several research firms recently weighed in on BLD. Seaport Res Ptn lowered TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Jefferies Financial Group decreased their price target 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. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Evercore ISI lowered shares of TopBuild from an "outperform" rating to an "inline" rating and cut their target price for the company from $443.00 to $381.00 in a research report on Monday. Finally, StockNews.com upgraded shares of 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 assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $439.38.

TopBuild Stock Down 3.0 %

The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock's 50-day simple moving average is $370.61 and its 200 day simple moving average is $390.84. The firm has a market cap of $9.12 billion, a P/E ratio of 15.59, a PEG ratio of 2.31 and a beta of 1.79.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $5.43 EPS. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that TopBuild Corp. will post 20.95 EPS for the current fiscal year.

Institutional Trading of TopBuild

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

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.