TopBuild (NYSE:BLD) Stock Price Down 6.1%

TopBuild Corp. (NYSE:BLD) traded down 6.1% during mid-day trading on Tuesday . The stock traded as low as $382.88 and last traded at $386.02. 146,221 shares changed hands during trading, a decline of 40% from the average session volume of 244,555 shares. The stock had previously closed at $411.04.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of TopBuild in a research report on Tuesday, March 5th. They set a “buy” rating and a $470.00 target price on the stock. Truist Financial downgraded shares of TopBuild from a “buy” rating to a “hold” rating and upped their target price for the stock from $290.00 to $410.00 in a research note on Thursday, January 4th. Evercore ISI upped their target price on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Loop Capital upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Benchmark upped their target price on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $401.40.

TopBuild Trading Down 2.8 %

The stock’s 50 day moving average price is $412.87 and its 200-day moving average price is $347.26. The company has a quick ratio of 2.18, a current ratio of 2.66 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $12.37 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.24 and a beta of 1.66.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the company posted $4.40 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts expect that TopBuild Corp. will post 21.01 earnings per share for the current year.

Institutional Trading of TopBuild

Institutional investors have recently modified their holdings of the stock. Contravisory Investment Management Inc. purchased a new position in TopBuild during the fourth quarter worth about $28,000. Principal Securities Inc. acquired a new position in shares of TopBuild in the fourth quarter valued at approximately $28,000. BluePath Capital Management LLC acquired a new position in shares of TopBuild in the third quarter valued at approximately $30,000. Farther Finance Advisors LLC grew its holdings in shares of TopBuild by 107.1% in the second quarter. Farther Finance Advisors LLC now owns 116 shares of the construction company’s stock valued at $31,000 after purchasing an additional 60 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of TopBuild in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.