TopBuild (NYSE:BLD) Hits New 12-Month Low – Time to Sell?

TopBuild Corp. (NYSE:BLD) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $302.62 and last traded at $303.04, with a volume of 231263 shares changing hands. The stock had previously closed at $321.40.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLD. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. DA Davidson decreased their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and cut their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $437.00.

TopBuild Stock Down 5.5 %

The firm has a market cap of $8.96 billion, a PE ratio of 15.33, a PEG ratio of 1.92 and a beta of 1.85. The business’s 50 day moving average price is $327.76 and its 200 day moving average price is $362.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently modified their holdings of BLD. Blue Trust Inc. increased its stake in shares of TopBuild by 27.3% during the third quarter. Blue Trust Inc. now owns 373 shares of the construction company’s stock worth $144,000 after purchasing an additional 80 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in TopBuild by 33.8% during the third quarter. Sequoia Financial Advisors LLC now owns 911 shares of the construction company’s stock worth $371,000 after acquiring an additional 230 shares during the last quarter. Arkadios Wealth Advisors boosted its position in TopBuild by 35.0% during the third quarter. Arkadios Wealth Advisors now owns 2,318 shares of the construction company’s stock worth $943,000 after acquiring an additional 601 shares during the last quarter. PFG Investments LLC acquired a new position in TopBuild during the third quarter worth about $417,000. Finally, State of Alaska Department of Revenue boosted its position in TopBuild by 1.5% during the third quarter. State of Alaska Department of Revenue now owns 3,486 shares of the construction company’s stock worth $1,418,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other 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.