TopBuild Corp. (NYSE:BLD) Receives $402.91 Consensus Target Price from Analysts

Shares of TopBuild Corp. (NYSE:BLD) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $402.9091.

A number of equities research analysts have recently commented on BLD shares. Truist Financial increased their target price on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research note on Thursday, October 9th. Benchmark increased their price objective on shares of TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Evercore ISI raised their price objective on shares of TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. lifted 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. Finally, Seaport Res Ptn upgraded shares of TopBuild from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th.

TopBuild Price Performance

Shares of BLD opened at $435.42 on Friday. TopBuild has a fifty-two week low of $266.26 and a fifty-two week high of $445.94. The firm’s 50-day simple moving average is $418.49 and its two-hundred day simple moving average is $353.65. The stock has a market cap of $12.25 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 4.55 and a beta of 1.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83.

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

Insiders Place Their Bets

In other news, VP Luis Francisco Machado sold 990 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total transaction of $410,869.80. Following the transaction, the vice president directly owned 10,349 shares of the company’s stock, valued at $4,295,041.98. This represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeff M. Krestancic sold 373 shares of TopBuild stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is currently owned by company insiders.

Institutional Trading of TopBuild

A number of institutional investors have recently made changes to their positions in the stock. Boston Partners lifted its position in TopBuild by 102.2% during the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock valued at $250,872,000 after purchasing an additional 391,299 shares during the period. Orion Porfolio Solutions LLC grew its position in TopBuild by 7,961.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares during the period. Norges Bank purchased a new stake in TopBuild during the 2nd quarter valued at $110,238,000. Allspring Global Investments Holdings LLC bought a new position in shares of TopBuild during the 2nd quarter valued at $109,447,000. Finally, New Vernon Capital Holdings II LLC bought a new position in shares of TopBuild during the 1st quarter valued at $75,604,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.