TopBuild (NYSE:BLD) PT Raised to $555.00 at Evercore ISI

TopBuild (NYSE:BLD) had its price objective hoisted by research analysts at Evercore ISI from $529.00 to $555.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Evercore ISI’s price target points to a potential upside of 19.23% from the company’s current price.

A number of other brokerages have also recently commented on BLD. Stephens reissued an “equal weight” rating and issued a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. Benchmark lifted their price target on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, TopBuild currently has a consensus rating of “Moderate Buy” and a consensus target price of $439.11.

TopBuild Price Performance

TopBuild stock opened at $465.48 on Monday. TopBuild has a 12 month low of $217.08 and a 12 month high of $467.76. The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $14.81 billion, a PE ratio of 23.46, a P/E/G ratio of 2.00 and a beta of 1.76. The stock has a 50-day moving average price of $403.62 and a two-hundred day moving average price of $399.45.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $4.36 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. Analysts expect that TopBuild will post 21.63 EPS for the current year.

Insider Activity at TopBuild

In related news, CEO Robert M. Buck sold 5,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 71,968 shares in the company, valued at $29,054,920.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Robert M. Kuhns sold 540 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the transaction, the chief financial officer now directly owns 15,928 shares in the company, valued at approximately $6,475,209.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief executive officer now directly 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. In the last three months, insiders have sold 8,340 shares of company stock worth $3,407,994. 0.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently modified their holdings of BLD. Nordea Investment Management AB increased its position in TopBuild by 4,820.9% during the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock valued at $12,825,000 after purchasing an additional 28,395 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of TopBuild during the 4th quarter valued at $221,000. International Assets Investment Management LLC boosted its holdings in shares of TopBuild by 8,850.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,117 shares of the construction company’s stock valued at $1,541,000 after buying an additional 4,071 shares in the last quarter. Norges Bank bought a new position in TopBuild in the 4th quarter worth about $154,983,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in TopBuild by 53.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock worth $140,993,000 after purchasing an additional 130,563 shares in the last quarter. Institutional investors own 95.67% of the company’s stock.

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.