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

TopBuild Corp. (NYSE:BLD - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $279.15 and last traded at $281.11, with a volume of 100260 shares traded. The stock had previously closed at $312.99.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Benchmark lowered their target price on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and lowered their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. The Goldman Sachs Group lowered their price target on shares of TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Seaport Res Ptn downgraded TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $398.56.

TopBuild Trading Down 4.7 %

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 firm's 50 day moving average is $310.92 and its two-hundred day moving average is $343.67. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.82 and a beta of 1.78.

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TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share 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 business 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 earned $4.69 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that TopBuild Corp. will post 20.97 EPS for the current year.

Institutional Investors Weigh In On TopBuild

Several large investors have recently made changes to their positions in the company. Winch Advisory Services LLC bought a new position in shares of TopBuild in the fourth quarter worth $26,000. Versant Capital Management Inc increased its position in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company's stock valued at $29,000 after purchasing an additional 72 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of TopBuild in the third quarter valued at $31,000. V Square Quantitative Management LLC raised its position in TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock worth $37,000 after acquiring an additional 42 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of TopBuild by 111.5% during the 1st 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. 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.