TopBuild Corp. (NYSE:BLD) Short Interest Up 8.5% in March

TopBuild Corp. (NYSE:BLD - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 571,400 shares, an increase of 8.5% from the March 15th total of 526,400 shares. Based on an average trading volume of 248,500 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.8% of the shares of the stock are sold short.

Analyst Ratings Changes

BLD has been the subject of a number of recent research reports. Benchmark increased their target price on TopBuild from $320.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, March 1st. Bank of America boosted their target price on shares of TopBuild from $410.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. DA Davidson began coverage on shares of TopBuild in a report on Tuesday, March 5th. They issued a "buy" rating and a $470.00 target price on the stock. Evercore ISI lifted their price target on shares of TopBuild from $469.00 to $527.00 and gave the company an "outperform" rating in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of TopBuild from $419.00 to $429.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $401.40.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in TopBuild by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 2,974,062 shares of the construction company's stock valued at $1,113,072,000 after purchasing an additional 23,906 shares during the last quarter. Capital International Investors grew its position in shares of TopBuild by 14.0% during the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company's stock worth $605,200,000 after buying an additional 198,614 shares during the period. FMR LLC increased its stake in shares of TopBuild by 13.8% in the 3rd quarter. FMR LLC now owns 1,100,719 shares of the construction company's stock valued at $276,941,000 after acquiring an additional 133,835 shares during the last quarter. State Street Corp raised its position in shares of TopBuild by 0.8% in the 2nd quarter. State Street Corp now owns 1,006,208 shares of the construction company's stock valued at $267,671,000 after acquiring an additional 7,955 shares during the period. Finally, Invesco Ltd. raised its position in shares of TopBuild by 3.9% in the 3rd quarter. Invesco Ltd. now owns 880,779 shares of the construction company's stock valued at $221,604,000 after acquiring an additional 32,771 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

Shares of BLD traded down $11.26 during mid-day trading on Wednesday, hitting $388.74. 411,718 shares of the company traded hands, compared to its average volume of 253,909. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $412.87 and a 200 day moving average of $347.26. TopBuild has a one year low of $199.31 and a one year high of $452.87. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.24 and a beta of 1.66.

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

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.