TopBuild Corp (NYSE:BLD) Sees Large Decline in Short Interest

TopBuild Corp (NYSE:BLD) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 1,231,500 shares, a decrease of 5.1% from the April 30th total of 1,298,300 shares. Based on an average trading volume of 316,100 shares, the days-to-cover ratio is presently 3.9 days. Approximately 3.6% of the shares of the stock are sold short.

Shares of TopBuild stock traded up $1.69 during trading on Friday, hitting $83.94. 421,305 shares of the stock traded hands, compared to its average volume of 291,977. TopBuild has a 52-week low of $41.27 and a 52-week high of $86.96. The firm’s fifty day moving average is $80.38. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 0.59 and a beta of 0.87. The company has a current ratio of 1.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.70.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 7th. The construction company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.24. TopBuild had a return on equity of 14.81% and a net margin of 5.83%. The company had revenue of $619.30 million for the quarter, compared to the consensus estimate of $599.06 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, equities research analysts anticipate that TopBuild will post 5.1 earnings per share for the current fiscal year.

In related news, CEO Gerald Volas sold 52,206 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $81.16, for a total transaction of $4,237,038.96. Following the sale, the chief executive officer now owns 202,919 shares in the company, valued at approximately $16,468,906.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John S. Peterson sold 4,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $86.37, for a total value of $345,480.00. Following the completion of the sale, the vice president now owns 30,046 shares in the company, valued at approximately $2,595,073.02. The disclosure for this sale can be found here. Insiders have sold a total of 65,583 shares of company stock valued at $5,357,878 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Pearl River Capital LLC boosted its holdings in TopBuild by 542.0% in the first quarter. Pearl River Capital LLC now owns 642 shares of the construction company’s stock worth $42,000 after acquiring an additional 542 shares in the last quarter. Versant Capital Management Inc boosted its holdings in TopBuild by 685.7% in the first quarter. Versant Capital Management Inc now owns 715 shares of the construction company’s stock worth $46,000 after acquiring an additional 624 shares in the last quarter. Strs Ohio acquired a new stake in TopBuild in the first quarter worth about $58,000. Advisors Asset Management Inc. boosted its holdings in TopBuild by 86.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,567 shares of the construction company’s stock worth $71,000 after acquiring an additional 726 shares in the last quarter. Finally, ETF Managers Group LLC boosted its holdings in TopBuild by 9.8% in the first quarter. ETF Managers Group LLC now owns 1,869 shares of the construction company’s stock worth $121,000 after acquiring an additional 167 shares in the last quarter. 95.24% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the company. SunTrust Banks increased their target price on HubSpot to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Buckingham Research set a $19.00 target price on Adient and gave the stock a “sell” rating in a research note on Wednesday, May 8th. Nomura reiterated a “neutral” rating and issued a $48.00 target price (down previously from $70.00) on shares of Owens Corning in a research note on Thursday, May 16th. Zacks Investment Research lowered German American Bancorp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, Zelman & Associates lowered TopBuild from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $78.22.

TopBuild Company Profile

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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