TopBuild Corp. (NYSE:BLD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TopBuild Corp. (NYSE:BLD) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $380.22.

A number of analysts have recently weighed in on the company. Loop Capital cut their target price on TopBuild from $370.00 to $360.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price target for the company. Benchmark lowered their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

TopBuild Stock Performance

BLD opened at $313.01 on Wednesday. The business has a fifty day simple moving average of $297.04 and a 200 day simple moving average of $325.67. The company has a market capitalization of $8.95 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.82 and a beta of 1.72. TopBuild has a 1 year low of $266.26 and a 1 year high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.81 EPS. Research analysts expect that TopBuild will post 20.97 EPS for the current year.

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the completion of the transaction, the insider now directly owns 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% 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. Corporate insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On TopBuild

Several large investors have recently bought and sold shares of the company. Capital Research Global Investors raised its position in TopBuild by 1.4% in the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock valued at $943,050,000 after purchasing an additional 41,047 shares during the last quarter. Pictet Asset Management Holding SA raised its position in TopBuild by 4.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock valued at $271,331,000 after purchasing an additional 40,916 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in TopBuild by 779.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock valued at $188,098,000 after purchasing an additional 535,478 shares during the last quarter. Invesco Ltd. increased its stake in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company’s stock valued at $185,353,000 after buying an additional 75,713 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of TopBuild by 5.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company’s stock valued at $150,053,000 after buying an additional 23,428 shares during the period. 95.67% of the stock is currently 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.