TopBuild (NYSE:BLD) Trading Down 6.1%

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BLD shares. Bank of America upped their target price on TopBuild from $410.00 to $475.00 and gave the stock a "buy" rating in a research report on Thursday, March 14th. Evercore ISI boosted their price target on TopBuild from $469.00 to $527.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 2nd. DA Davidson started coverage on TopBuild in a research note on Tuesday, March 5th. They issued a "buy" rating and a $470.00 price target on the stock. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Saturday, April 6th. Finally, Loop Capital upgraded TopBuild from a "hold" rating to a "buy" rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $401.40.

TopBuild Trading Down 2.7 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. The business has a fifty day simple moving average of $412.68 and a 200 day simple moving average of $346.97. The company has a market cap of $12.73 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.28 and a beta of 1.66.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.09. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The business's revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $4.40 EPS. Analysts anticipate that TopBuild Corp. will post 21.01 earnings per share for the current fiscal year.

Institutional Trading of TopBuild

Hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. lifted its holdings in shares of TopBuild by 103.9% in the 3rd quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company's stock worth $2,223,000 after purchasing an additional 4,503 shares during the last quarter. Pacer Advisors Inc. increased its position in TopBuild by 74.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,277 shares of the construction company's stock valued at $2,349,000 after acquiring an additional 2,677 shares during the period. Nordea Investment Management AB acquired a new stake in TopBuild in the 4th quarter valued at approximately $222,000. Raymond James & Associates increased its position in TopBuild by 15.3% in the 4th quarter. Raymond James & Associates now owns 21,019 shares of the construction company's stock valued at $7,867,000 after acquiring an additional 2,794 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new stake in TopBuild in the 4th quarter valued at approximately $3,331,000. Institutional investors 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.