TopBuild (NYSE:BLD) PT Lowered to $395.00

TopBuild (NYSE:BLD) had its target price cut by Truist Financial from $410.00 to $395.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a hold rating on the construction company’s stock.

A number of other research analysts have also recently weighed in on BLD. Benchmark boosted their price objective on shares of TopBuild from $450.00 to $470.00 and gave the company a buy rating in a research report on Wednesday, May 8th. Jefferies Financial Group boosted their price objective on shares of TopBuild from $486.00 to $536.00 and gave the company a buy rating in a research report on Wednesday, July 17th. Stephens reiterated an equal weight rating and set a $425.00 price objective on shares of TopBuild in a research report on Tuesday, April 23rd. StockNews.com cut shares of TopBuild from a buy rating to a hold rating in a research report on Wednesday, July 31st. Finally, Evercore ISI cut their price objective on shares of TopBuild from $555.00 to $489.00 and set an outperform rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $449.00.

TopBuild Price Performance

TopBuild stock traded down $0.93 during mid-day trading on Wednesday, reaching $372.72. 238,293 shares of the company’s stock traded hands, compared to its average volume of 291,484. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.10 and a beta of 1.76. The stock has a 50 day moving average of $413.48 and a two-hundred day moving average of $407.87. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. TopBuild has a 12-month low of $217.08 and a 12-month high of $495.68.

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

Insider Transactions at TopBuild

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

Institutional Trading of TopBuild

Hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC lifted its position in shares of TopBuild by 18.2% during the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after buying an additional 25,973 shares during the last quarter. Forge First Asset Management Inc. purchased a new stake in shares of TopBuild during the first quarter valued at about $16,158,000. Nordea Investment Management AB lifted its position in shares of TopBuild by 4,820.9% during the first quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock valued at $12,825,000 after buying an additional 28,395 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in shares of TopBuild during the fourth quarter valued at about $221,000. Finally, International Assets Investment Management LLC lifted its position in shares of TopBuild by 8,850.0% during the fourth 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 during the last quarter. 95.67% of the stock is owned by hedge funds and other 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.