Short Interest in TopBuild Corp. (NYSE:BLD) Rises By 23.1%

TopBuild Corp. (NYSE:BLD) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 839,000 shares, a growth of 23.1% from the June 30th total of 681,400 shares. Based on an average trading volume of 311,700 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.7% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of research firms have commented on BLD. Evercore ISI upped their price objective on shares of TopBuild from $529.00 to $555.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Stephens reissued an “equal weight” rating and issued a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Benchmark increased their price target on shares of TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, July 16th. Finally, Jefferies Financial Group increased their price target on shares of TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $461.89.

TopBuild Stock Up 1.1 %

NYSE:BLD traded up $5.31 during mid-day trading on Tuesday, reaching $479.09. The stock had a trading volume of 294,952 shares, compared to its average volume of 281,220. The business’s 50 day moving average is $411.18 and its 200 day moving average is $405.25. TopBuild has a fifty-two week low of $217.08 and a fifty-two week high of $483.12. The stock has a market cap of $15.24 billion, a P/E ratio of 24.09, a PEG ratio of 2.16 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.81 and a quick ratio of 2.33.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company posted $4.36 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that TopBuild will post 21.63 earnings per share for the current year.

Insider Buying and Selling at TopBuild

In other TopBuild news, Director Nancy M. Taylor sold 300 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $415.81, for a total value of $124,743.00. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $406.53, for a total transaction of $219,526.20. Following the completion of the sale, the chief financial officer now directly owns 15,928 shares of the company’s stock, valued at $6,475,209.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy M. Taylor sold 300 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $415.81, for a total transaction of $124,743.00. Following the sale, the director now directly owns 5,920 shares of the company’s stock, valued at $2,461,595.20. The disclosure for this sale can be found here. In the last three months, insiders sold 8,340 shares of company stock valued at $3,407,994. 0.46% of the stock is owned by insiders.

Hedge Funds Weigh In On TopBuild

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in TopBuild by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after purchasing an additional 15,965 shares during the last quarter. Capital International Investors grew its holdings in TopBuild by 14.0% during the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock valued at $605,200,000 after purchasing an additional 198,614 shares during the last quarter. Norges Bank acquired a new position in TopBuild during the fourth quarter valued at approximately $154,983,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in TopBuild by 53.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock valued at $140,993,000 after purchasing an additional 130,563 shares during the last quarter. Finally, Liontrust Investment Partners LLP grew its holdings in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after purchasing an additional 57,880 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.