TopBuild (NYSE:BLD) Reaches New 12-Month Low – Should You Sell?

Shares of TopBuild Corp. (NYSE:BLD) hit a new 52-week low during trading on Thursday . The stock traded as low as $317.74 and last traded at $318.53, with a volume of 640670 shares trading hands. The stock had previously closed at $338.29.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. DA Davidson lowered their target price 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. Jefferies Financial Group dropped their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and decreased their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $439.38.

TopBuild Price Performance

The stock has a market cap of $9.15 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. 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 company’s 50-day moving average is $370.61 and its 200-day moving average is $390.84.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $5.43 EPS. Equities research analysts expect that TopBuild Corp. will post 20.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC Asset Management Inc grew its holdings in shares of TopBuild by 3.5% in the 2nd quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after purchasing an additional 30 shares during the last quarter. Fifth Third Bancorp boosted its position in TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after buying an additional 31 shares in the last quarter. Hanseatic Management Services Inc. grew its stake in TopBuild by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after buying an additional 31 shares during the last quarter. TFG Advisers LLC increased its holdings in shares of TopBuild by 1.1% during the third quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock worth $1,210,000 after buying an additional 31 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its holdings in shares of TopBuild by 2.0% during the second quarter. Arkadios Wealth Advisors now owns 1,717 shares of the construction company’s stock worth $662,000 after buying an additional 33 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

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.