TopBuild Corp. (NYSE:BLD) Short Interest Update

TopBuild Corp. (NYSE:BLD) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 746,500 shares, a drop of 8.3% from the November 15th total of 813,700 shares. Based on an average daily volume of 282,500 shares, the days-to-cover ratio is presently 2.6 days. Approximately 2.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On TopBuild

Large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in TopBuild by 0.4% during the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after acquiring an additional 23 shares during the last quarter. CIBC Asset Management Inc grew its stake in TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after purchasing an additional 30 shares during the period. Fifth Third Bancorp increased its holdings in TopBuild by 10.3% in the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after purchasing an additional 31 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in TopBuild by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock valued at $712,000 after buying an additional 31 shares during the period. Finally, TFG Advisers LLC boosted its holdings in shares of TopBuild by 1.1% during the 3rd quarter. TFG Advisers LLC now owns 2,975 shares of the construction company’s stock worth $1,210,000 after buying an additional 31 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BLD shares. Evercore ISI cut 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 report on Monday. Jefferies Financial Group dropped their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, DA Davidson lowered their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, TopBuild presently has a consensus rating of “Moderate Buy” and a consensus price target of $439.38.

TopBuild Stock Down 0.5 %

Shares of BLD opened at $338.29 on Wednesday. The stock’s 50-day moving average price is $373.62 and its two-hundred day moving average price is $391.93. TopBuild has a 12 month low of $331.22 and a 12 month high of $495.68. The company has a market capitalization of $9.98 billion, a PE ratio of 17.07, a PEG ratio of 2.31 and a beta of 1.79. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $5.43 earnings per share. On average, analysts anticipate that TopBuild will post 20.95 EPS for the current year.

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.