TopBuild Corp. (NYSE:BLD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of TopBuild Corp. (NYSE:BLD) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $436.00.

A number of analysts recently weighed in on the stock. Evercore ISI upped their price target on shares of TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. DA Davidson began coverage on shares of TopBuild in a research report on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price objective for the company. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Stephens reissued an “equal weight” rating and issued a $425.00 price objective on shares of TopBuild in a research report on Tuesday, April 23rd. Finally, Bank of America upped their price objective on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, March 14th.

Insider Activity

In related news, CFO Robert M. Kuhns sold 540 shares of the 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 sale, the chief financial officer now owns 15,928 shares in the company, valued at $6,475,209.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Robert M. Kuhns sold 540 shares of the 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 sale, the chief financial officer now owns 15,928 shares in the company, valued at $6,475,209.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the sale, the chief executive officer now owns 71,968 shares in the company, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,340 shares of company stock worth $3,407,994. 0.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TopBuild

Large investors have recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $28,000. Principal Securities Inc. acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild in the first quarter valued at approximately $31,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $36,000. Finally, Rise Advisors LLC acquired a new stake in shares of TopBuild in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Up 1.0 %

Shares of BLD opened at $385.27 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. The firm has a market cap of $12.26 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.75. The company’s fifty day moving average is $403.92 and its two-hundred day moving average is $396.86. TopBuild has a fifty-two week low of $217.08 and a fifty-two week high of $452.87.

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

About TopBuild

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.