TopBuild (NYSE:BLD) Shares Gap Down – Here’s What Happened

TopBuild Corp. (NYSE:BLD) gapped down prior to trading on Monday . The stock had previously closed at $425.52, but opened at $390.37. TopBuild shares last traded at $363.9270, with a volume of 120,761 shares traded.

Wall Street Analyst Weigh In

BLD has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on TopBuild from $525.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. DA Davidson reiterated a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a research note on Wednesday, May 6th. UBS Group set a $440.00 price target on shares of TopBuild in a report on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $496.00 target price (up from $487.00) on shares of TopBuild in a research report on Tuesday, April 21st. Finally, Loop Capital cut shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target for the company. in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $466.77.

TopBuild Trading Down 13.6%

The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.41 and a current ratio of 2.00. The stock has a market cap of $10.30 billion, a P/E ratio of 20.85, a P/E/G ratio of 5.77 and a beta of 1.80. The company has a 50-day simple moving average of $420.78 and a 200-day simple moving average of $431.35.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 5th. The construction company reported $3.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.11. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. TopBuild’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.63 earnings per share. On average, sell-side analysts forecast that TopBuild Corp. will post 18.07 EPS for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Several large investors have recently bought and sold shares of BLD. Core Wealth Advisors LLC acquired a new stake in TopBuild during the 4th quarter worth $26,000. Advisory Services Network LLC acquired a new position in TopBuild in the 3rd quarter worth $27,000. Parallel Advisors LLC raised its stake in shares of TopBuild by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 75 shares of the construction company’s stock valued at $31,000 after purchasing an additional 25 shares during the period. Global Retirement Partners LLC boosted its position in shares of TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after buying an additional 59 shares during the period. Finally, First Horizon Corp grew its holdings in shares of TopBuild by 138.9% during the fourth quarter. First Horizon Corp now owns 86 shares of the construction company’s stock worth $36,000 after buying an additional 50 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.