TopBuild Corp. (NYSE:BLD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of TopBuild Corp. (NYSE:BLD) have received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $461.89.

A number of research analysts have recently commented on BLD shares. Benchmark raised their price target on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Evercore ISI boosted their price target on shares of TopBuild from $529.00 to $555.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Stephens reiterated an “equal weight” rating and issued a $425.00 price objective on shares of TopBuild in a report on Tuesday, April 23rd. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. Finally, Jefferies Financial Group increased their price target on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th.

Insider Buying and Selling

In other news, CEO Robert M. Buck sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, 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 document filed with the SEC, which is available at the SEC website. In other news, CFO Robert M. Kuhns sold 540 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $406.53, for a total transaction of $219,526.20. Following the sale, the chief financial officer now owns 15,928 shares in the company, valued at $6,475,209.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of the firm’s 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 completion of the transaction, 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. Insiders have sold 8,340 shares of company stock worth $3,407,994 in the last three months. 0.46% of the stock is currently owned by insiders.

Institutional Trading of TopBuild

Several large investors have recently added to or reduced their stakes in BLD. Vanguard Group Inc. grew its holdings in shares of TopBuild by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after buying an additional 15,965 shares in the last quarter. Capital International Investors grew its stake in TopBuild by 14.0% during the 4th quarter. Capital International Investors now owns 1,617,057 shares of the construction company’s stock valued at $605,200,000 after acquiring an additional 198,614 shares in the last quarter. Norges Bank acquired a new position in shares of TopBuild in the 4th quarter valued at about $154,983,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of TopBuild by 53.0% in the fourth 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. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of TopBuild by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 300,001 shares of the construction company’s stock worth $112,279,000 after purchasing an additional 23,267 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Trading Up 1.9 %

NYSE BLD opened at $456.46 on Thursday. The firm has a market capitalization of $14.52 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.07 and a beta of 1.76. TopBuild has a one year low of $217.08 and a one year high of $470.93. The company has a 50-day simple moving average of $406.95 and a 200-day simple moving average of $401.91. 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 released its quarterly earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company posted $4.36 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that TopBuild will post 21.63 earnings per share for the current year.

About TopBuild

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.