TopBuild (BLD) Sets New 12-Month Low at $46.93

TopBuild Corp (NYSE:BLD)’s share price reached a new 52-week low on Thursday . The company traded as low as $46.93 and last traded at $46.38, with a volume of 22531 shares. The stock had previously closed at $50.02.

BLD has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $98.00 price objective on shares of TopBuild in a research report on Friday, July 20th. KeyCorp set a $81.00 price objective on shares of TopBuild and gave the stock a “buy” rating in a research report on Monday, August 27th. Stephens restated a “buy” rating and set a $87.00 price objective on shares of TopBuild in a research report on Thursday, August 16th. Seaport Global Securities reiterated a “buy” rating and issued a $94.00 target price on shares of TopBuild in a research report on Sunday, August 12th. Finally, MKM Partners began coverage on shares of TopBuild in a research report on Wednesday, June 27th. They issued a “buy” rating and a $99.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $86.70.

The stock has a market cap of $2.03 billion, a P/E ratio of 17.59 and a beta of 0.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.56.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 7th. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.08. TopBuild had a net margin of 9.10% and a return on equity of 12.42%. The firm had revenue of $605.97 million during the quarter, compared to analyst estimates of $594.43 million. Research analysts expect that TopBuild Corp will post 4.19 EPS for the current fiscal year.

In other news, insider Robert M. Buck sold 17,766 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $77.40, for a total value of $1,375,088.40. Following the completion of the transaction, the insider now owns 62,696 shares of the company’s stock, valued at $4,852,670.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John S. Peterson sold 1,887 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $77.28, for a total transaction of $145,827.36. Following the completion of the transaction, the vice president now directly owns 33,927 shares of the company’s stock, valued at approximately $2,621,878.56. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Seven Eight Capital LP acquired a new stake in TopBuild in the third quarter valued at approximately $1,250,000. KAMES CAPITAL plc raised its holdings in TopBuild by 1.5% in the third quarter. KAMES CAPITAL plc now owns 359,792 shares of the construction company’s stock valued at $20,440,000 after acquiring an additional 5,392 shares in the last quarter. Advisors Capital Management LLC raised its holdings in TopBuild by 14.3% in the third quarter. Advisors Capital Management LLC now owns 50,833 shares of the construction company’s stock valued at $2,888,000 after acquiring an additional 6,354 shares in the last quarter. Aurora Investment Counsel acquired a new stake in TopBuild in the third quarter valued at approximately $1,122,000. Finally, Fox Run Management L.L.C. acquired a new stake in TopBuild in the third quarter valued at approximately $207,000. 95.87% of the stock is owned by institutional investors and hedge funds.

TopBuild Company Profile (NYSE:BLD)

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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