TopBuild (NYSE:BLD) Rating Increased to Strong-Buy at Vertical Research

TopBuild (NYSE:BLD) was upgraded by research analysts at Vertical Research to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on BLD. JPMorgan Chase & Co. upped their price objective on TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th. Seaport Res Ptn raised TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group upped their price objective on TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Bank of America upped their price objective on TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and an average price target of $412.50.

TopBuild Trading Down 1.1%

BLD opened at $443.23 on Tuesday. TopBuild has a 12 month low of $266.26 and a 12 month high of $456.21. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 4.69 and a beta of 1.66. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29. The business has a fifty day moving average price of $419.39 and a 200 day moving average price of $356.63.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate of $5.07 by $0.24. The firm had revenue of $1.30 billion during 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%.TopBuild’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. Sell-side analysts expect that TopBuild will post 20.97 earnings per share for the current fiscal year.

Insider Transactions at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the sale, the chief financial officer directly owned 14,283 shares of the company’s stock, valued at $6,248,384.01. This represents a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the sale, the vice president directly owned 10,349 shares of the company’s stock, valued at approximately $4,295,041.98. This represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock valued at $5,709,488 over the last quarter. Company insiders own 0.43% of the company’s stock.

Institutional Trading of TopBuild

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLD. Boston Partners raised its stake in TopBuild by 102.2% during the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company’s stock valued at $250,872,000 after acquiring an additional 391,299 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in TopBuild by 7,961.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock valued at $128,119,000 after acquiring an additional 390,838 shares during the last quarter. Norges Bank purchased a new stake in TopBuild during the 2nd quarter valued at approximately $110,238,000. Allspring Global Investments Holdings LLC purchased a new stake in TopBuild during the 2nd quarter valued at approximately $109,447,000. Finally, New Vernon Capital Holdings II LLC purchased a new stake in TopBuild during the 1st quarter valued at approximately $75,604,000. 95.67% of the stock is owned by hedge funds and other 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.