TopBuild (NYSE:BLD) Shares Gap Down to $425.27

TopBuild Corp. (NYSE:BLD) gapped down before the market opened on Tuesday . The stock had previously closed at $425.27, but opened at $376.10. TopBuild shares last traded at $382.77, with a volume of 75,851 shares.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stephens reiterated an “equal weight” rating and issued a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. Evercore ISI boosted their target price on TopBuild from $529.00 to $555.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Benchmark upped their price objective on shares of TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Jefferies Financial Group boosted their price target on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $461.89.

TopBuild Trading Down 7.5 %

The firm has a fifty day simple moving average of $416.00 and a 200-day simple moving average of $408.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.81 and a quick ratio of 2.33. The firm has a market cap of $12.52 billion, a P/E ratio of 19.62, a price-to-earnings-growth ratio of 2.10 and a beta of 1.76.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $4.36 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts expect that TopBuild Corp. will post 21.63 earnings per share for the current year.

Insider Buying and Selling

In other TopBuild news, CEO Robert M. Buck sold 5,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the completion of the transaction, the chief executive officer now owns 71,968 shares in the company, valued at $29,054,920.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert M. Buck sold 2,500 shares of TopBuild stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the completion of the sale, the chief executive officer now owns 69,468 shares in the company, valued at approximately $29,041,097.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of TopBuild stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the sale, the chief executive officer now directly owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,340 shares of company stock valued at $3,407,994. 0.46% of the stock is owned by insiders.

Hedge Funds Weigh In On TopBuild

Large investors have recently bought and sold shares of the stock. Raymond James & Associates raised 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 worth $7,867,000 after purchasing an additional 2,794 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of TopBuild by 83.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,005 shares of the construction company’s stock valued at $750,000 after buying an additional 912 shares during the last quarter. Fifth Third Bancorp raised its holdings in TopBuild by 104.1% in the 4th quarter. Fifth Third Bancorp now owns 443 shares of the construction company’s stock worth $166,000 after acquiring an additional 226 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of TopBuild by 8,850.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock valued at $1,541,000 after buying an additional 4,071 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of TopBuild by 2.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 18,710 shares of the construction company’s stock valued at $7,002,000 after buying an additional 368 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.