TopBuild (NYSE:BLD) Sets New 52-Week Low - Here's Why

TopBuild Corp. (NYSE:BLD - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $272.03 and last traded at $273.50, with a volume of 463548 shares traded. The stock had previously closed at $287.12.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of TopBuild from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Evercore ISI lowered shares of TopBuild from an "outperform" rating to an "inline" rating and dropped their price target for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock. Truist Financial dropped their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Finally, Loop Capital reduced their target price on TopBuild from $405.00 to $390.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $398.56.

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TopBuild Price Performance

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 company has a fifty day moving average price of $307.18 and a 200 day moving average price of $340.58. The company has a market capitalization of $8.46 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78.

TopBuild (NYSE:BLD - Get Free Report) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $4.69 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts forecast that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Several large investors have recently made changes to their positions in BLD. Investors Research Corp acquired a new stake in TopBuild in the 1st quarter valued at approximately $206,000. Rothschild Investment LLC grew its stake in shares of TopBuild by 59,873.7% in the first quarter. Rothschild Investment LLC now owns 11,395 shares of the construction company's stock worth $3,475,000 after purchasing an additional 11,376 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of TopBuild by 111.5% during the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. GAMMA Investing LLC lifted its holdings in TopBuild by 167,622.2% in the first quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after purchasing an additional 150,860 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in TopBuild by 761.7% in the first quarter. Versant Capital Management Inc now owns 810 shares of the construction company's stock worth $247,000 after purchasing an additional 716 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

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.