TopBuild (NYSE:BLD) Reaches New 12-Month High on Analyst Upgrade

TopBuild Corp. (NYSE:BLD) shares reached a new 52-week high during trading on Tuesday after StockNews.com upgraded the stock from a hold rating to a buy rating. The stock traded as high as $453.94 and last traded at $453.80, with a volume of 10463 shares traded. The stock had previously closed at $438.00.

Several other research firms have also commented on BLD. Evercore ISI lifted their price target on TopBuild from $529.00 to $555.00 and gave the stock an “outperform” rating in a research report on Monday. Stephens reaffirmed an “equal weight” rating and set a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Finally, Benchmark lifted their price target on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $439.11.

Insiders Place Their Bets

In other TopBuild news, CEO Robert M. Buck sold 2,500 shares of the business’s stock in a transaction on 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 sale, 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 can be accessed through the SEC website. In related news, Director Nancy M. Taylor sold 300 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $415.81, for a total transaction of $124,743.00. Following the sale, the director now owns 5,920 shares of the company’s stock, valued at $2,461,595.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction dated Wednesday, June 12th. The stock was 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 owns 69,468 shares in the company, valued at $29,041,097.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,340 shares of company stock worth $3,407,994. 0.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TopBuild

A number of large investors have recently modified their holdings of BLD. Comerica Bank purchased a new position in shares of TopBuild in the 3rd quarter worth about $4,058,000. Wellington Management Group LLP raised its holdings in shares of TopBuild by 71.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,361 shares of the construction company’s stock worth $3,865,000 after purchasing an additional 6,376 shares during the period. Fulton Bank N.A. purchased a new position in shares of TopBuild in the 4th quarter worth about $284,000. First Hawaiian Bank purchased a new position in shares of TopBuild in the 4th quarter worth about $249,000. Finally, Nordea Investment Management AB purchased a new stake in shares of TopBuild during the 4th quarter valued at about $222,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Trading Up 4.1 %

The firm has a market capitalization of $14.51 billion, a PE ratio of 22.09, a P/E/G ratio of 2.00 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.33 and a current ratio of 2.81. The firm has a fifty day moving average of $402.24 and a 200 day moving average of $398.81.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, May 7th. The construction company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.56 by $0.25. The business had revenue of $1.28 billion for 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 company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $4.36 EPS. Equities research analysts expect that TopBuild Corp. will post 21.63 EPS 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.