StockNews.com Upgrades TopBuild (NYSE:BLD) to Buy

TopBuild (NYSE:BLD) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Other equities research analysts have also recently issued reports about the company. Evercore ISI increased their target price on TopBuild from $529.00 to $555.00 and gave the stock an “outperform” rating in a research note on Monday. Benchmark increased their target price on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Stephens reissued an “equal weight” rating and issued a $425.00 target price on shares of TopBuild in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and a consensus price target of $461.89.

TopBuild Price Performance

BLD opened at $442.53 on Tuesday. The stock has a fifty day simple moving average of $404.54 and a two-hundred day simple moving average of $399.75. 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 cap of $14.08 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.02 and a beta of 1.76. TopBuild has a 12-month low of $217.08 and a 12-month high of $467.76.

TopBuild (NYSE:BLD) last posted 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. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.36 earnings per share. Research analysts predict that TopBuild will post 21.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TopBuild news, CEO Robert M. Buck sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $403.72, for a total value of $2,018,600.00. Following 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 Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Robert M. Buck sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $403.72, for a total value of $2,018,600.00. Following the transaction, the chief executive officer now owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert M. Kuhns sold 540 shares of the firm’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 disclosure for this sale can be found here. Over the last three months, insiders have sold 8,340 shares of company stock valued at $3,407,994. Insiders own 0.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BLD. Norges Bank bought a new position in shares of TopBuild in the fourth quarter worth about $154,983,000. Axiom Investors LLC DE bought a new position in shares of TopBuild in the fourth quarter worth about $87,451,000. Capital International Investors raised its stake in shares of TopBuild by 14.0% in the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock worth $605,200,000 after buying an additional 198,614 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in TopBuild by 53.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock valued at $140,993,000 after purchasing an additional 130,563 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in TopBuild by 268.8% during the 4th quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company’s stock valued at $27,703,000 after purchasing an additional 53,950 shares during the period. 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.