TopBuild Corp. (NYSE:BLD) Sees Large Decrease in Short Interest

TopBuild Corp. (NYSE:BLD) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 740,500 shares, a decrease of 13.6% from the December 15th total of 856,600 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average trading volume of 293,100 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BLD shares. DA Davidson dropped their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. The Goldman Sachs Group dropped their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group dropped their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the company from $443.00 to $381.00 in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $437.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Winch Advisory Services LLC bought a new position in shares of TopBuild in the 4th quarter worth approximately $26,000. Versant Capital Management Inc raised its position in shares of TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild in the 3rd quarter worth approximately $31,000. Kennebec Savings Bank bought a new position in shares of TopBuild in the 3rd quarter worth approximately $45,000. Finally, Quantbot Technologies LP bought a new position in shares of TopBuild in the 3rd quarter worth approximately $45,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 0.2 %

BLD traded up $0.86 during midday trading on Friday, reaching $346.72. 210,749 shares of the company’s stock traded hands, compared to its average volume of 285,998. The firm has a fifty day moving average of $345.83 and a two-hundred day moving average of $379.09. The stock has a market capitalization of $10.23 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.84 and a beta of 1.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. TopBuild has a 52 week low of $302.70 and a 52 week high of $495.68.

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

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.