TopBuild Corp. (NYSE:BLD) Short Interest Update

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

Institutional Trading of TopBuild

A number of institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of TopBuild in the first quarter worth about $31,000. Ashton Thomas Private Wealth LLC purchased a new position in TopBuild in the 2nd quarter worth approximately $30,000. Quantbot Technologies LP acquired a new stake in TopBuild in the third quarter valued at approximately $45,000. Kennebec Savings Bank purchased a new stake in shares of TopBuild during the third quarter valued at approximately $45,000. Finally, UMB Bank n.a. lifted its position in shares of TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after purchasing an additional 62 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Trading Down 0.5 %

NYSE:BLD traded down $1.65 on Tuesday, hitting $349.20. 62,724 shares of the stock were exchanged, compared to its average volume of 286,800. The stock has a market cap of $10.30 billion, a PE ratio of 17.70, a PEG ratio of 2.19 and a beta of 1.79. TopBuild has a fifty-two week low of $291.98 and a fifty-two week high of $495.68. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average of $383.30 and a 200-day moving average of $397.31.

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

Analysts Set New Price Targets

Several brokerages have weighed in on BLD. Evercore ISI lowered their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Truist Financial reduced their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

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.