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

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

Analyst Ratings Changes

BLD has been the topic of several recent research reports. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. The Goldman Sachs Group reduced their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. DA Davidson reduced their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $437.00.

TopBuild Price Performance

The stock’s 50-day moving average price is $328.57 and its 200 day moving average price is $363.32. 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 capitalization of $8.96 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.92 and a beta of 1.85.

Institutional Trading of TopBuild

Several hedge funds have recently made changes to their positions in BLD. CIBC Asset Management Inc raised its holdings in shares of TopBuild by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 919 shares of the construction company’s stock valued at $374,000 after purchasing an additional 32 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in shares of TopBuild by 0.6% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 5,360 shares of the construction company’s stock valued at $2,181,000 after purchasing an additional 33 shares in the last quarter. Snowden Capital Advisors LLC raised its holdings in shares of TopBuild by 2.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company’s stock valued at $429,000 after purchasing an additional 33 shares in the last quarter. CWM LLC raised its holdings in shares of TopBuild by 10.3% in the 3rd quarter. CWM LLC now owns 387 shares of the construction company’s stock valued at $157,000 after purchasing an additional 36 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC raised its holdings in shares of TopBuild by 1.5% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 2,699 shares of the construction company’s stock valued at $1,098,000 after purchasing an additional 39 shares in 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.