TopBuild (NYSE:BLD) Stock Price Down 6.1%

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BLD shares. Evercore ISI boosted their price objective on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Truist Financial downgraded TopBuild from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $290.00 to $410.00 in a report on Thursday, January 4th. DA Davidson started coverage on TopBuild in a report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 target price on the stock. Loop Capital upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and an average price target of $401.40.

TopBuild Stock Down 2.8 %

The business has a fifty day moving average of $412.87 and a 200 day moving average of $347.26. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.24 and a beta of 1.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $4.40 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts predict that TopBuild Corp. will post 21.01 earnings per share for the current year.

Institutional Investors Weigh In On TopBuild

Large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its position in shares of TopBuild by 103.9% in the third quarter. Federated Hermes Inc. now owns 8,835 shares of the construction company’s stock valued at $2,223,000 after acquiring an additional 4,503 shares during the period. Pacer Advisors Inc. increased its stake in shares of TopBuild by 74.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,277 shares of the construction company’s stock valued at $2,349,000 after buying an additional 2,677 shares in the last quarter. Nordea Investment Management AB bought a new position in TopBuild in the fourth quarter valued at about $222,000. Raymond James & Associates boosted its holdings in TopBuild by 15.3% in the fourth 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 last quarter. Finally, Louisiana State Employees Retirement System bought a new position in TopBuild during the fourth quarter worth about $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.