TopBuild Corp. (NYSE:BLD) Receives $402.91 Consensus Price Target from Brokerages

TopBuild Corp. (NYSE:BLD) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $402.9091.

BLD has been the topic of several research reports. Loop Capital upped their price objective on shares of TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. The Goldman Sachs Group upped their price objective on shares of TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Benchmark upped their price objective on shares of TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Truist Financial upped their price target on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th.

Insider Buying and Selling at TopBuild

In related news, CFO Robert M. Kuhns sold 2,000 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $416.10, for a total value of $832,200.00. Following the transaction, the chief financial officer directly owned 15,633 shares in the company, valued at approximately $6,504,891.30. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeff M. Krestancic sold 373 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the completion of the transaction, the insider owned 4,934 shares in the company, valued at $2,047,610. This trade represents a 7.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,663 shares of company stock valued at $5,709,488. 0.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TopBuild

Institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners lifted its position in TopBuild by 102.2% during the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after purchasing an additional 391,299 shares during the period. Orion Porfolio Solutions LLC lifted its position in TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after purchasing an additional 390,838 shares during the period. Norges Bank bought a new stake in TopBuild during the second quarter worth about $110,238,000. Allspring Global Investments Holdings LLC bought a new stake in TopBuild during the second quarter worth about $109,447,000. Finally, New Vernon Capital Holdings II LLC bought a new stake in TopBuild during the first quarter worth about $75,604,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Price Performance

NYSE:BLD opened at $424.43 on Friday. TopBuild has a one year low of $266.26 and a one year high of $445.74. The company has a market cap of $11.94 billion, a P/E ratio of 20.90, a P/E/G ratio of 5.57 and a beta of 1.66. The firm’s fifty day moving average price is $416.28 and its two-hundred day moving average price is $350.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.07 by $0.24. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company earned $5.42 earnings per share. The company’s quarterly revenue was down 5.0% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. Equities analysts expect that TopBuild will post 20.97 earnings per share for the current year.

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.