TopBuild (NYSE:BLD) Sets New 12-Month Low Following Analyst Downgrade

Shares of TopBuild Corp. (NYSE:BLD - Get Free Report) hit a new 52-week low on Monday after Benchmark lowered their price target on the stock from $445.00 to $375.00. Benchmark currently has a buy rating on the stock. TopBuild traded as low as $293.88 and last traded at $296.24, with a volume of 219299 shares trading hands. The stock had previously closed at $306.39.

A number of other equities analysts also recently commented on the company. Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. DA Davidson decreased their target price on TopBuild from $460.00 to $450.00 and set a "buy" rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Evercore ISI downgraded TopBuild from an "outperform" rating to an "inline" rating and decreased their target price for the company from $443.00 to $381.00 in a report on Monday, December 16th. Finally, Truist Financial decreased their target price on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild has an average rating of "Moderate Buy" and an average price target of $411.78.

Institutional Investors Weigh In On TopBuild

A number of institutional investors have recently modified their holdings of BLD. US Bancorp DE grew its stake in shares of TopBuild by 539.0% in the third quarter. US Bancorp DE now owns 7,393 shares of the construction company's stock worth $3,008,000 after acquiring an additional 6,236 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of TopBuild by 107.1% in the third quarter. Farther Finance Advisors LLC now owns 468 shares of the construction company's stock worth $190,000 after acquiring an additional 242 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of TopBuild by 37.9% in the third quarter. Janney Montgomery Scott LLC now owns 3,974 shares of the construction company's stock worth $1,617,000 after acquiring an additional 1,092 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of TopBuild by 40.0% in the third quarter. Van ECK Associates Corp now owns 20,685 shares of the construction company's stock worth $7,671,000 after acquiring an additional 5,910 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of TopBuild by 6.0% in the third quarter. QRG Capital Management Inc. now owns 1,342 shares of the construction company's stock worth $546,000 after acquiring an additional 76 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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TopBuild Stock Performance

The stock has a market capitalization of $8.92 billion, a PE ratio of 15.39, a PEG ratio of 1.82 and a beta of 1.85. The business has a 50 day moving average price of $325.22 and a 200 day moving average price of $358.33. 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 released its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.31 billion. During the same period in the prior year, the firm posted $4.69 earnings per share. The company's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities research analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current year.

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.