TopBuild Corp. (NYSE:BLD) Short Interest Update

TopBuild Corp. (NYSE:BLD) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 746,500 shares, a drop of 8.3% from the November 15th total of 813,700 shares. Approximately 2.6% of the company’s stock are sold short. Based on an average daily trading volume, of 282,500 shares, the short-interest ratio is presently 2.6 days.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the company from $443.00 to $381.00 in a report on Monday. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Jefferies Financial Group lowered their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $439.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild during the 2nd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in TopBuild in the third quarter worth $31,000. Kennebec Savings Bank bought a new stake in shares of TopBuild in the third quarter valued at $45,000. Quantbot Technologies LP purchased a new position in shares of TopBuild during the 3rd quarter valued at $45,000. Finally, UMB Bank n.a. increased its holdings in TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after acquiring an additional 62 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Stock Performance

BLD stock opened at $338.29 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a market cap of $9.98 billion, a PE ratio of 17.07, a P/E/G ratio of 2.31 and a beta of 1.79. The business has a 50 day moving average of $373.62 and a 200-day moving average of $391.93. TopBuild has a 12-month low of $331.22 and a 12-month high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings data 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. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.43 EPS. As a group, sell-side analysts expect that TopBuild will post 20.95 earnings per share for the current year.

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.