TopBuild (BLD) – Investment Analysts’ Recent Ratings Updates

TopBuild (NYSE: BLD) has recently received a number of price target changes and ratings updates:

• 8/9/2024 – TopBuild had its price target lowered by analysts at DA Davidson from $470.00 to $460.00. They now have a “buy” rating on the stock.
• 8/8/2024 – TopBuild had its price target lowered by analysts at Stephens from $435.00 to $400.00. They now have an “equal weight” rating on the stock.
• 8/7/2024 – TopBuild had its price target lowered by analysts at Evercore ISI from $555.00 to $489.00. They now have an “outperform” rating on the stock.
• 8/7/2024 – TopBuild had its price target lowered by analysts at Truist Financial Co. from $410.00 to $395.00. They now have a “hold” rating on the stock.
• 7/31/2024 – TopBuild was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 7/17/2024 – TopBuild had its price target raised by analysts at Jefferies Financial Group Inc. from $486.00 to $536.00. They now have a “buy” rating on the stock.
• 7/16/2024 – TopBuild was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 7/15/2024 – TopBuild had its price target raised by analysts at Evercore ISI from $529.00 to $555.00. They now have an “outperform” rating on the stock.
• 7/8/2024 – TopBuild was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

TopBuild Stock Down 1.6 %

Shares of BLD stock traded down $6.22 during mid-day trading on Wednesday, reaching $372.30. 146,830 shares of the company were exchanged, compared to its average volume of 291,434. The business’s 50 day simple moving average is $412.38 and its 200 day simple moving average is $408.59. The company has a market capitalization of $11.85 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.10 and a beta of 1.76. TopBuild Corp. has a fifty-two week low of $217.08 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 12.11% and a return on equity of 25.87%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company earned $5.25 EPS. TopBuild’s quarterly revenue was up 3.7% on a year-over-year basis. Research analysts predict that TopBuild Corp. will post 21.63 earnings per share for the current year.

Insider Activity at TopBuild

In related news, Director Nancy M. Taylor sold 300 shares of TopBuild stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $415.81, for a total value of $124,743.00. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $2,461,595.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Nancy M. Taylor sold 300 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $415.81, for a total transaction of $124,743.00. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at $2,461,595.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total value of $1,045,125.00. Following the completion of the sale, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at approximately $29,041,097.40. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently made changes to their positions in BLD. Magnetar Financial LLC acquired a new stake in shares of TopBuild during the 2nd quarter worth approximately $1,937,000. Frank Rimerman Advisors LLC acquired a new stake in shares of TopBuild in the 2nd quarter valued at about $202,000. Promethos Capital LLC boosted its position in TopBuild by 117.0% during the 2nd quarter. Promethos Capital LLC now owns 10,571 shares of the construction company’s stock worth $4,073,000 after acquiring an additional 5,700 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in TopBuild by 775.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 31,163 shares of the construction company’s stock valued at $12,006,000 after purchasing an additional 27,605 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in TopBuild in the second quarter valued at approximately $2,125,000. 95.67% of the stock is owned by institutional investors.

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.