TopBuild (NYSE:BLD) Reaches New 52-Week High at $442.58

Shares of TopBuild Corp. (NYSE:BLD) hit a new 52-week high during trading on Thursday . The stock traded as high as $442.58 and last traded at $441.86, with a volume of 38308 shares trading hands. The stock had previously closed at $438.47.

Analyst Upgrades and Downgrades

BLD has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of TopBuild from $419.00 to $429.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Truist Financial downgraded TopBuild from a “buy” rating to a “hold” rating and raised their price target for the company from $290.00 to $410.00 in a research report on Thursday, January 4th. Bank of America boosted their price objective on TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. JPMorgan Chase & Co. raised TopBuild from a “neutral” rating to an “overweight” rating and raised their target price for the company from $312.00 to $387.00 in a report on Thursday, December 14th. Finally, Loop Capital upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and a consensus target price of $392.80.

TopBuild Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.54, a current ratio of 2.66 and a quick ratio of 2.18. The firm has a 50 day simple moving average of $396.58 and a 200-day simple moving average of $329.64. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD) last announced its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $4.40 EPS. On average, sell-side analysts forecast that TopBuild Corp. will post 20.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Millennium Management LLC increased its position in TopBuild by 230.1% in the 4th quarter. Millennium Management LLC now owns 864,237 shares of the construction company’s stock valued at $135,244,000 after acquiring an additional 602,416 shares in the last quarter. Capital International Investors increased its holdings in shares of TopBuild by 135.6% in the first quarter. Capital International Investors now owns 913,930 shares of the construction company’s stock valued at $165,778,000 after purchasing an additional 526,053 shares in the last quarter. Norges Bank bought a new position in TopBuild in the 4th quarter worth approximately $70,298,000. William Blair Investment Management LLC acquired a new position in TopBuild during the 3rd quarter worth $95,147,000. Finally, Axiom Investors LLC DE acquired a new position in TopBuild during the 4th quarter worth $87,451,000. 95.67% of the stock is owned by institutional investors.

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.