Brokerages Set TopBuild Corp. (NYSE:BLD) Target Price at $420.90

TopBuild Corp. (NYSE:BLD) has received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $436.00.

BLD has been the topic of several recent research reports. DA Davidson initiated coverage on shares of TopBuild in a research report on Tuesday, March 5th. They set a “buy” rating and a $470.00 target price on the stock. Benchmark lifted their target price on shares of TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Stephens reiterated an “equal weight” rating and set a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. Evercore ISI lifted their price target on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, Bank of America lifted their price target on shares of TopBuild from $410.00 to $475.00 and gave the company a “buy” rating in a report on Thursday, March 14th.

Insiders Place Their Bets

In other TopBuild news, CEO Robert M. Buck sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the transaction, the chief executive officer now directly owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other TopBuild news, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total value of $1,045,125.00. Following the completion of the transaction, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at $29,041,097.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of TopBuild stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $403.72, for a total transaction of $2,018,600.00. Following the sale, the chief executive officer now owns 71,968 shares of the company’s stock, valued at approximately $29,054,920.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,340 shares of company stock valued at $3,407,994. Insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On TopBuild

Several institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale grew its position in shares of TopBuild by 29.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock worth $56,489,000 after buying an additional 30,000 shares during the period. Cetera Advisors LLC acquired a new stake in shares of TopBuild during the 1st quarter worth approximately $413,000. Cetera Investment Advisers grew its position in shares of TopBuild by 152.4% during the 1st quarter. Cetera Investment Advisers now owns 3,960 shares of the construction company’s stock worth $1,745,000 after buying an additional 2,391 shares during the period. Swedbank AB acquired a new stake in shares of TopBuild during the 1st quarter worth approximately $12,275,000. Finally, iA Global Asset Management Inc. grew its position in shares of TopBuild by 99.3% during the 1st quarter. iA Global Asset Management Inc. now owns 3,341 shares of the construction company’s stock worth $1,472,000 after buying an additional 1,665 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Stock Performance

NYSE BLD opened at $385.27 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.81 and a quick ratio of 2.33. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.76 and a beta of 1.75. The company’s fifty day moving average is $403.92 and its two-hundred day moving average is $396.86. TopBuild has a 52-week low of $217.08 and a 52-week high of $452.87.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.56 by $0.25. TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $4.36 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that TopBuild will post 21.63 EPS for the current year.

TopBuild Company Profile

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.