TopBuild Corp. (NYSE:BLD- Get a rating) recorded a significant decline in short interest in June. As of June 15, there was short interest totaling 1,150,000 shares, down 16.7% from the May 31 total of 1,380,000 shares. Based on an average daily volume of 295,700 shares, the day-to-cover ratio is currently 3.9 days. Approximately 3.5% of the company’s shares are sold short.
A number of stock analysts have weighed in on the company recently. JPMorgan Chase & Co. lowered its price target on TopBuild from $219.00 to $193.00 and set a “neutral” rating on the stock in a Wednesday, April 20 research report. Credit Suisse Group assumed coverage for TopBuild in a research report on Tuesday, April 5. They set an “outperform” rating and a target price of $235.00 on the stock. To finish, StockNews.com supposed coverage on TopBuild in a research report on Thursday, March 31. They have set a “holding” rating on the stock. Four investment analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat, TopBuild has an average rating of “Moderate Buy” and an average target price of $270.00.
TopBuild shares opened at $175.14 on Tuesday. The stock has a fifty-day simple moving average of $184.98 and a 200-day simple moving average of $207.89. TopBuild has a 12-month low of $150.71 and a 12-month high of $284.07. The company has a market capitalization of $5.74 billion, a P/E ratio of 15.31 and a beta of 1.48. The company has a current ratio of 1.65, a quick ratio of 1.15 and a debt ratio of 0.86.
TopBuild (NYSE:BLD- Get a rating) last announced its quarterly results on Thursday, May 5. The construction company reported earnings per share (EPS) of $3.50 for the quarter, beating the consensus estimate of $2.85 by $0.65. TopBuild had a return on equity of 25.63% and a net margin of 9.68%. The company posted revenue of $1.20 billion in the quarter, versus a consensus estimate of $1.07 billion. In the same quarter a year earlier, the company posted earnings per share of $2.02. TopBuild’s revenue increased by 61.6% compared to the same quarter last year. On average, analysts predict that TopBuild will post 14.93 EPS for the current year.
A number of large investors have recently changed their positions in BLD. UMB Bank NA MO bought a new position in TopBuild in Q4 worth $31,000. National Bank of Canada FI bought a new position in TopBuild in Q4 worth $34,000. Covestor Ltd bought a new position in TopBuild in Q4 worth $36,000. First Horizon Advisors Inc. increased its stake in TopBuild by 54.8% in the 4th quarter. First Horizon Advisors Inc. now owns 178 shares of the construction company valued at $48,000 after purchasing an additional 63 shares during the period. Finally, CWM LLC increased its position in TopBuild shares by 43.9% during the 1st quarter. CWM LLC now owns 269 shares of the construction company valued at $49,000 after buying 82 additional shares in the last quarter. Hedge funds and other institutional investors own 96.91% of the company’s shares.
About TopBuild (Get a rating)
TopBuild Corp., together with its subsidiaries, is engaged in the installation and distribution of insulation and other building products for the construction industry. The Company operates in two segments, Installation and Specialized Distribution. It provides insulation products and accessories, glass and windows, gutters, secondary paint products, fire retardants, garage doors, fireplaces, closet shelves, roofing materials and others. products; and insulation installation services.
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