TopBuild Corp. (NYSE:BLD) Given Average Rating of “Moderate Buy” by Analysts

Shares of TopBuild Corp. (NYSE:BLD) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $449.00.

Several equities research analysts have commented on BLD shares. Jefferies Financial Group boosted their target price 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. Evercore ISI decreased their price objective on shares of TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Stephens dropped their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Truist Financial reduced their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Finally, DA Davidson dropped their price objective on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

Insiders Place Their Bets

In related news, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the transaction, the chief executive officer now directly owns 69,468 shares in the company, valued at $29,041,097.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On TopBuild

A number of large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of TopBuild during the 4th quarter worth about $154,983,000. Axiom Investors LLC DE purchased a new stake in TopBuild during the fourth quarter worth approximately $87,451,000. Capital International Investors increased its position in shares of TopBuild by 14.0% in the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after acquiring an additional 198,614 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of TopBuild by 53.0% in the 4th 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 acquiring an additional 130,563 shares during the period. Finally, Liontrust Investment Partners LLP lifted its holdings in shares of TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 1.4 %

NYSE BLD opened at $364.08 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $11.58 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.44 and a beta of 1.76. TopBuild has a 52-week low of $217.08 and a 52-week high of $495.68. The firm has a 50-day moving average price of $406.46 and a 200 day moving average price of $408.40.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the company posted $5.25 earnings per share. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts expect that TopBuild will post 21.2 EPS 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.