TopBuild Corp. (NYSE:BLD) Short Interest Update

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

Analysts Set New Price Targets

Several brokerages have weighed in on BLD. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th. Benchmark boosted their target price on TopBuild from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Evercore ISI raised their price target on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Truist Financial lowered shares of TopBuild from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $290.00 to $410.00 in a research note on Thursday, January 4th. Finally, Bank of America boosted their price objective on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $401.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of TopBuild in the 4th quarter valued at about $28,000. Principal Securities Inc. bought a new position in TopBuild in the fourth quarter worth approximately $28,000. BluePath Capital Management LLC purchased a new stake in TopBuild during the third quarter worth $30,000. Farther Finance Advisors LLC lifted its holdings in TopBuild by 107.1% during the second quarter. Farther Finance Advisors LLC now owns 116 shares of the construction company’s stock worth $31,000 after buying an additional 60 shares during the period. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in TopBuild during the 4th quarter valued at $36,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 2.7 %

Shares of NYSE:BLD traded down $11.04 on Wednesday, hitting $400.00. 612,904 shares of the company’s stock were exchanged, compared to its average volume of 204,876. The business’s 50 day simple moving average is $412.68 and its two-hundred day simple moving average is $346.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 2.24 and a beta of 1.66. TopBuild has a 12 month low of $198.82 and a 12 month high of $452.87.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, beating analysts’ consensus estimates of $4.60 by $0.09. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm’s revenue for the quarter 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 will post 21.01 EPS for the current fiscal 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.