TopBuild Corp. (NYSE:BLD) Short Interest Update

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Secure Asset Management LLC bought a new position in shares of TopBuild in the fourth quarter worth approximately $830,000. Avior Wealth Management LLC bought a new position in shares of TopBuild in the fourth quarter worth approximately $159,000. Janney Montgomery Scott LLC grew its holdings in shares of TopBuild by 3.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,117 shares of the construction company’s stock worth $1,282,000 after purchasing an additional 143 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of TopBuild by 430.2% in the fourth quarter. SG Americas Securities LLC now owns 3,070 shares of the construction company’s stock worth $956,000 after purchasing an additional 2,491 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in TopBuild by 28.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,545 shares of the construction company’s stock valued at $4,528,000 after acquiring an additional 3,260 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BLD. The Goldman Sachs Group lowered their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. DA Davidson lowered their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group lowered their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the company from $443.00 to $381.00 in a research note on Monday, December 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $437.00.

TopBuild Price Performance

NYSE BLD traded up $0.86 on Friday, reaching $346.72. 210,749 shares of the company’s stock traded hands, compared to its average volume of 285,998. TopBuild has a 12 month low of $302.70 and a 12 month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The stock has a 50-day simple moving average of $345.83 and a 200 day simple moving average of $379.09. The stock has a market cap of $10.23 billion, a PE ratio of 17.49, a P/E/G ratio of 1.84 and a beta of 1.84.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $5.43 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, research analysts predict that TopBuild will post 20.95 earnings per share 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.