TopBuild (NYSE:BLD) Now Covered by Analysts at Royal Bank Of Canada

Analysts at Royal Bank Of Canada started coverage on shares of TopBuild (NYSE:BLD) in a research note issued to investors on Thursday, MarketBeat.com reports. The firm set a “sector perform” rating and a $410.00 price target on the construction company’s stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 0.66% from the stock’s previous close.

Several other analysts also recently commented on the stock. DA Davidson upped their price target on shares of TopBuild from $465.00 to $485.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Seaport Res Ptn upgraded shares of TopBuild from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. UBS Group set a $370.00 price target on TopBuild and gave the company a “hold” rating in a research report on Tuesday, August 5th. Wells Fargo & Company began coverage on TopBuild in a research note on Monday. They set an “overweight” rating and a $500.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $430.00.

TopBuild Stock Up 0.2%

Shares of NYSE BLD opened at $412.72 on Thursday. The business has a 50-day moving average price of $419.56 and a 200 day moving average price of $376.63. The stock has a market cap of $11.59 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 6.87 and a beta of 1.64. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild has a 52-week low of $266.26 and a 52-week high of $461.49.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, topping the consensus estimate of $5.22 by $0.14. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.68 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Equities research analysts forecast that TopBuild will post 20.97 earnings per share for the current year.

Insiders Place Their Bets

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the business’s stock in a transaction 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 sale, the chief financial officer directly owned 14,283 shares in the company, valued at approximately $6,248,384.01. The trade was a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in TopBuild during the 3rd quarter valued at $27,000. Root Financial Partners LLC purchased a new stake in shares of TopBuild in the third quarter valued at $34,000. SVB Wealth LLC purchased a new stake in shares of TopBuild in the first quarter valued at $35,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of TopBuild during the second quarter valued at $35,000. Finally, MAI Capital Management raised its stake in TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. 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.