TopBuild (NYSE:BLD) Sets New 1-Year Low at $164.28

TopBuild Corp. (NYSE:BLDGet Rating)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $164.28 and last traded at $164.44, with a volume of 1526 shares trading hands. The stock had previously closed at $178.81.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of TopBuild from $219.00 to $193.00 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. Truist Financial boosted their target price on shares of TopBuild from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. StockNews.com assumed coverage on shares of TopBuild in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group assumed coverage on shares of TopBuild in a research report on Tuesday, April 5th. They issued an “outperform” rating and a $235.00 target price for the company. Finally, Benchmark reduced their target price on shares of TopBuild from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, February 23rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $270.00.

The company’s 50-day moving average is $187.51 and its two-hundred day moving average is $218.58. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.65 and a quick ratio of 1.15. The firm has a market cap of $5.21 billion, a P/E ratio of 14.09 and a beta of 1.45.

TopBuild (NYSE:BLDGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The construction company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.65. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.07 billion. TopBuild had a net margin of 9.68% and a return on equity of 25.63%. TopBuild’s revenue was up 61.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.02 earnings per share. On average, analysts expect that TopBuild Corp. will post 14.95 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Aurora Investment Counsel bought a new position in TopBuild during the 1st quarter valued at $926,000. Capital International Investors increased its position in shares of TopBuild by 135.6% during the 1st quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock valued at $165,778,000 after purchasing an additional 526,053 shares during the last quarter. Golden State Equity Partners purchased a new stake in shares of TopBuild during the 1st quarter valued at $283,000. Virtu Financial LLC increased its position in shares of TopBuild by 572.9% during the 1st quarter. Virtu Financial LLC now owns 7,234 shares of the construction company’s stock valued at $1,312,000 after purchasing an additional 6,159 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of TopBuild during the 1st quarter valued at $2,433,000. Institutional investors and hedge funds own 96.91% of the company’s stock.

TopBuild Company Profile (NYSE:BLD)

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building 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, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services.

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