TopBuild (NYSE:BLD) Shares Down 7% – Should You Sell?

TopBuild Corp. (NYSE:BLD) was down 7% during mid-day trading on Tuesday . The stock traded as low as $341.78 and last traded at $334.5250. 318,135 shares were traded during mid-day trading, a decline of 49% from the average session volume of 619,516 shares. The stock had previously closed at $359.76.

Analysts Set New Price Targets

Several analysts have recently commented on BLD shares. Loop Capital lowered shares of TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price target on the stock. in a research report on Wednesday, May 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $496.00 price objective (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. Zacks Research upgraded shares of TopBuild from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. DA Davidson reaffirmed a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a research report on Wednesday, May 6th. Finally, UBS Group set a $440.00 price target on shares of TopBuild in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $460.00.

TopBuild Stock Performance

The firm has a market capitalization of $9.36 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 5.77 and a beta of 1.80. The stock has a 50-day moving average price of $420.18 and a 200-day moving average price of $430.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.00 and a quick ratio of 1.41.

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

Hedge Funds Weigh In On TopBuild

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

TopBuild Company Profile

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.