TopBuild (NYSE:BLD) Shares Gap Down – Here’s Why

TopBuild Corp. (NYSE:BLD) shares gapped down before the market opened on Monday . The stock had previously closed at $425.52, but opened at $390.37. TopBuild shares last traded at $363.9270, with a volume of 120,761 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Loop Capital cut TopBuild from a “buy” rating to a “hold” rating and set a $485.00 price objective on the stock. in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $496.00 target price (up from $487.00) on shares of TopBuild in a report on Tuesday, April 21st. UBS Group set a $440.00 price target on TopBuild in a research report on Wednesday, May 6th. Seaport Research Partners reaffirmed a “neutral” rating on shares of TopBuild in a research report on Tuesday, April 7th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $437.00 price target (down from $465.00) on shares of TopBuild in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $466.77.

TopBuild Price Performance

The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $10.30 billion, a P/E ratio of 20.85, a P/E/G ratio of 5.77 and a beta of 1.80. The company has a 50 day moving average of $420.78 and a 200-day moving average of $431.35.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $3.75 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.11. TopBuild had a net margin of 8.95% and a return on equity of 23.53%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the company earned $4.63 EPS. The business’s revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts predict that TopBuild Corp. will post 18.07 EPS for the current year.

Institutional Investors Weigh In On TopBuild

A number of institutional investors have recently added to or reduced their stakes in BLD. Mirabella Financial Services LLP raised its position in TopBuild by 160.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 5,747 shares of the construction company’s stock worth $2,242,000 after purchasing an additional 3,544 shares during the last quarter. Border to Coast Pensions Partnership Ltd acquired a new position in shares of TopBuild in the fourth quarter worth approximately $4,919,000. Emissary Wealth LLC bought a new stake in TopBuild in the fourth quarter valued at approximately $1,109,000. Magnetar Financial LLC acquired a new stake in TopBuild during the 3rd quarter valued at approximately $1,465,000. Finally, SG Americas Securities LLC lifted its position in shares of TopBuild by 144.7% in the 4th quarter. SG Americas Securities LLC now owns 33,204 shares of the construction company’s stock worth $13,852,000 after purchasing an additional 19,636 shares during the period. 95.67% of the stock is owned by institutional investors.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.