TopBuild Corp. (NYSE:BLD) Short Interest Down 7.7% in September

TopBuild Corp. (NYSE:BLD) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 737,000 shares, a decrease of 7.7% from the September 15th total of 798,200 shares. Currently, 2.5% of the shares of the company are short sold. Based on an average daily volume of 304,100 shares, the short-interest ratio is presently 2.4 days.

Institutional Trading of TopBuild

Large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC lifted its holdings in shares of TopBuild by 18.2% during the 1st quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after buying an additional 25,973 shares during the last quarter. Forge First Asset Management Inc. bought a new position in shares of TopBuild in the first quarter worth about $16,158,000. Nordea Investment Management AB boosted its position in TopBuild by 4,820.9% in the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock valued at $12,825,000 after buying an additional 28,395 shares during the last quarter. Wellington Management Group LLP raised its holdings in TopBuild by 44.8% during the 4th quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company’s stock worth $8,327,000 after purchasing an additional 6,887 shares during the last quarter. Finally, Monument Capital Management bought a new position in TopBuild in the first quarter valued at approximately $2,824,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Stock Performance

TopBuild stock traded up $0.63 during mid-day trading on Thursday, reaching $409.22. 180,460 shares of the company were exchanged, compared to its average volume of 285,019. The firm’s 50-day simple moving average is $388.37 and its two-hundred day simple moving average is $404.36. The firm has a market cap of $13.02 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. TopBuild has a twelve month low of $217.08 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $5.25 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts predict that TopBuild will post 21.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on BLD shares. Evercore ISI raised their target price on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research report on Wednesday. DA Davidson lowered their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Truist Financial reduced their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, Stephens reduced their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $446.89.

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.