TopBuild (NYSE:BLD) Stock Price Down 5.8% – Here’s Why

TopBuild Corp. (NYSE:BLD) shares fell 5.8% on Monday . The stock traded as low as $390.18 and last traded at $390.72. 185,273 shares were traded during mid-day trading, a decline of 35% from the average session volume of 284,251 shares. The stock had previously closed at $414.77.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Evercore ISI upped their price objective on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stephens lowered their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Truist Financial reduced their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Jefferies Financial Group reduced their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average price target of $446.89.

TopBuild Trading Down 2.1 %

The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 19.08, a PEG 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. The company has a 50-day moving average price of $390.29 and a 200-day moving average price of $402.97.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 6th. The construction company reported $5.42 EPS 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 company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $5.25 earnings per share. TopBuild’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, research analysts forecast that TopBuild Corp. will post 21.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wellington Management Group LLP increased its position in shares of TopBuild by 44.8% in the fourth quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company’s stock worth $8,327,000 after acquiring an additional 6,887 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in TopBuild by 25.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,913 shares of the construction company’s stock worth $843,000 after purchasing an additional 390 shares during the last quarter. Ausbil Investment Management Ltd increased its stake in TopBuild by 31.0% during the first quarter. Ausbil Investment Management Ltd now owns 7,184 shares of the construction company’s stock valued at $3,149,000 after acquiring an additional 1,700 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild in the 1st quarter valued at $31,000. Finally, Narus Financial Partners LLC bought a new stake in shares of TopBuild in the 1st quarter valued at approximately $220,000. 95.67% of the stock is currently owned by institutional investors.

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.