TopBuild Corp. (NYSE:BLD) Sees Significant Decrease in Short Interest

TopBuild Corp. (NYSE:BLD) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 749,800 shares, a drop of 9.1% from the October 15th total of 824,800 shares. Based on an average daily volume of 279,800 shares, the short-interest ratio is presently 2.7 days. Currently, 2.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BLD shares. Stephens decreased 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. Evercore ISI lowered their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. DA Davidson lowered their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group decreased their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $440.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BLD. Vanguard Group Inc. grew its position in shares of TopBuild by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after buying an additional 15,965 shares during the last quarter. FMR LLC raised its holdings in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after purchasing an additional 161,743 shares in the last quarter. State Street Corp lifted its holdings in shares of TopBuild by 3.2% in the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock valued at $455,639,000 after buying an additional 34,911 shares during the period. Geode Capital Management LLC grew its stake in shares of TopBuild by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after purchasing an additional 12,909 shares during the last quarter. Finally, Liontrust Investment Partners LLP increased its holdings in shares of TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after buying an additional 57,880 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

TopBuild stock traded down $1.10 during midday trading on Tuesday, reaching $349.75. 73,632 shares of the company were exchanged, compared to its average volume of 286,849. The firm’s 50-day simple moving average is $383.30 and its 200-day simple moving average is $397.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 2.19 and a beta of 1.79. TopBuild has a 1 year low of $291.98 and a 1 year high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $5.43 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that TopBuild will post 21 EPS for the current year.

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.