“The number of short positions held on TopBuild Corp. dropped by an appreciable amount during August (NYSE: BLD). As opposed to the amount of 1,190,000 shares that were short as of August 15, as of August 31, there were only 839,500 shares short. There are transactions involving 2.6% of the company’s total shares in the market for short sales. At the moment, the days-to-cover ratio stands at 3.3 days, and when an average daily trading volume of 255,500 shares is taken into account, this number may be understood as follows: TopBuild (NYSE: BLD) was scheduled to release its most recent earnings report on Tuesday, August 2.
The building company reported $4.43 per share earnings for the fourth quarter, which was $0.66 more than the consensus forecast of $3.77 per share for the quarter. At TopBuild, the return on equity was 27.78%, while the net margin was 9.93% of the company’s revenue. The total sales for the period were $1.27 billion, which was substantially more than the average projection of $1.18 billion for the amount of money that would be made. The earnings per share for the current year came in at $2.76, comparable to the results achieved during the same quarter of the previous year. The rise in revenue for the quarter was greater by 52.7% than it had been during the same period of the previous year when compared to the same period. It is anticipated by those who follow the market that TopBuild will generate a profit of 15.78 cents per share in 2017.
Over the past few months, several hedge funds and other types of institutional investors have shifted the percentage of BLD shares held inside their investment portfolios. During the second quarter, Brown Advisory Inc. boosted the number of TopBuild shares it owned by 0.4%, bringing its total ownership to 100%. After purchasing an additional 1,107 shares during the most recent fiscal quarter, Brown Advisory Inc. now owns a total of 264,740 of the construction company’s shares, which brings the total value of their holdings to $44,254,000. This brings the entire value of their holdings to $44,254,000. During the second quarter, Royal London Asset Management Ltd. was able to amass a stake in TopBuild that was 282.4% larger than before. Royal London Asset Management Ltd. now has a total of 167,335 shares of the construction company’s stock, which are currently valued at $27,989,000 after making a new purchase of 123,572 shares during the most recent quarter.
During the course of the second quarter, Legal & General Group Plc increased its holdings in TopBuild by purchasing an additional 2.5% of the company’s shares. Due to the purchase of an extra 1,624 shares during the most recent quarter, Legal & General Group Plc currently has a total of 67,295 shares of the construction firm’s stock. These 67,295 shares have a combined value of $11,250,000, giving the company a total of 67,295 shares. ExodusPoint Capital Management LP spent approximately $4,995,000 during the second quarter of 2018 to acquire a new position in TopBuild. This investment was made in order to expand their portfolio. And finally, during the second quarter, Goldman Sachs Group Inc. increased its holdings in the company by purchasing an additional 0.6% worth of TopBuild shares. After making an additional purchase of 1,058 shares of the construction company’s stock during the most recent quarter, Goldman Sachs Group Inc. is now the owner of 188,763 shares of the company’s stock. The price per share is currently determined to be $31,554,000. 97.07 institutional investors now hold a percent of the company’s shares.
On Friday morning, shares of NYSE:BLD started trading at $170.55 per share. Throughout the preceding calendar year, the cost of TopBuild has fluctuated at various times between the ranges of $150.71 and $284.07. The firm’s market capitalization is currently valued at $5.52 billion, while the stock’s price-to-earnings ratio is currently at 12.99, and the stock’s beta value is currently at 1.58. The simple moving average over the last fifty days for this stock is $189.83, and the simple moving average over the past 200 days is $189.45. The ratio of current assets to total assets is 1.69, the ratio of quick assets to current assets is 1.15, and the ratio of total assets to current assets is 0.83.
A variety of research experts, each of whom was asked for their view on the BLD stocks, have each supplied their response.
As a result of research made public on Friday, July 15, JPMorgan Chase & Co. cut their target price for TopBuild shares from $209.00 to $190.00 as a result. Because of the findings of a study published on Wednesday, StockNews.com changed their earlier recommendation for TopBuild from “hold” to “buy,” reflecting the study’s conclusions. On August 18, Loop Capital issued a research note announcing that it would begin providing coverage for TopBuild shares. They suggested that investors “hold” their positions and determined that the price goal should be set at $220. The research firm Zelman & Associates downgraded their recommendation for TopBuild on August 5, changing it from a “buy” rating to a “hold” one in a public report that day.
The most recent significant financial institution to begin coverage of TopBuild shares was Deutsche Bank Aktiengesellschaft, which did so in a report published on August 17. They recommend that shareholders keep their current positions in the company and have established a price objective of $236.00 for the stock. The stock has been given a buy rating by twelve analysts, compared to a hold recommendation by six and a buy rating by six of the remaining analysts. According to Bloomberg.com, the average recommendation for the firm is a “Moderate Buy,” and the company’s consensus price goal is $255.50. In addition, the price target for the company has been set at $255.50.
TopBuild Corp., which conducts its operations through its subsidiaries, distributes insulation and other building supplies to enterprises in the construction sector. Installation and Specialty Distribution are the two main facets of the company’s operations that are segmented into separate divisions. It also installs insulation for customers in addition to selling insulation, glass and windows, gutters, after-paint things, fireproofing goods, garage doors, fireplaces, closet shelves, and other products. Other examples of products and services include the following: “