Brokerages Set TopBuild Corp. (NYSE:BLD) PT at $394.67

Shares of TopBuild Corp. (NYSE:BLD) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $394.6667.

BLD has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of TopBuild from $347.00 to $418.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. UBS Group set a $370.00 target price on shares of TopBuild and gave the stock a “hold” rating in a report on Tuesday, August 5th. Loop Capital increased their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Bank of America increased their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th.

TopBuild Stock Down 2.9%

TopBuild stock opened at $402.39 on Tuesday. The stock has a market capitalization of $11.32 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 5.54 and a beta of 1.61. TopBuild has a twelve month low of $266.26 and a twelve month high of $445.74. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average of $407.18 and a 200-day moving average of $340.35.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $5.07 by $0.24. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that TopBuild will post 20.97 EPS for the current fiscal year.

Insider Buying and Selling at TopBuild

In related news, CEO Robert M. Buck sold 7,350 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of the transaction, the chief executive officer owned 73,225 shares in the company, valued at approximately $30,402,287.75. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total transaction of $154,795.00. Following the transaction, the insider owned 4,934 shares of the company’s stock, valued at $2,047,610. The trade was a 7.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,663 shares of company stock worth $5,709,488. Company insiders own 0.43% of the company’s stock.

Institutional Trading of TopBuild

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MAI Capital Management boosted its holdings in TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Secure Asset Management LLC boosted its holdings in TopBuild by 1.3% during the 2nd quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $702,000 after acquiring an additional 27 shares during the last quarter. UMB Bank n.a. boosted its holdings in TopBuild by 8.0% during the 2nd quarter. UMB Bank n.a. now owns 364 shares of the construction company’s stock worth $118,000 after acquiring an additional 27 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in TopBuild by 2.5% during the 4th quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company’s stock worth $429,000 after acquiring an additional 33 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in TopBuild by 2.0% during the 2nd quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company’s stock worth $555,000 after acquiring an additional 34 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

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.