TopBuild Corp. (NYSE:BLD) Short Interest Update

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

TopBuild Stock Performance

Shares of TopBuild stock traded up $0.86 during trading hours on Friday, reaching $346.72. 210,749 shares of the stock traded hands, compared to its average volume of 285,998. The company has a 50 day moving average price of $345.83 and a 200 day moving average price of $379.09. The firm 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. TopBuild has a one year low of $302.70 and a one year high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

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

Wall Street Analyst Weigh In

BLD has been the subject of several recent research reports. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and lowered their price target 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. Finally, Jefferies Financial Group lowered their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Three 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 stock presently has an average rating of “Moderate Buy” and an average price target of $437.00.

Institutional Investors Weigh In On TopBuild

A number of large investors have recently made changes to their positions in BLD. Pitcairn Co. grew its stake in shares of TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock valued at $903,000 after acquiring an additional 1,422 shares during the period. TT International Asset Management LTD grew its stake in shares of TopBuild by 33.3% during the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after acquiring an additional 4,694 shares during the period. Icon Wealth Advisors LLC grew its stake in shares of TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after acquiring an additional 2,008 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of TopBuild by 37.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after acquiring an additional 48,562 shares during the period. Finally, Bank of Montreal Can lifted its holdings in TopBuild by 72.0% in the 3rd quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after purchasing an additional 4,703 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.