TopBuild Corp. (NYSE:BLD) Receives $387.27 Average Price Target from Brokerages

TopBuild Corp. (NYSE:BLD) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $387.27.

BLD has been the subject of a number of research reports. Loop Capital raised their price target on shares of TopBuild from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Bank of America raised their price target on shares of TopBuild from $320.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. DA Davidson reduced their price target on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. raised their price target on shares of TopBuild from $344.00 to $398.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Finally, Stephens reduced their price objective on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th.

Insider Activity

In related news, insider Steven P. Raia sold 1,738 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider directly owned 7,007 shares in the company, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLD. Commonwealth Equity Services LLC boosted its holdings in TopBuild by 11.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,804 shares of the construction company’s stock worth $873,000 after purchasing an additional 290 shares during the last quarter. Sei Investments Co. boosted its holdings in TopBuild by 670.3% during the fourth quarter. Sei Investments Co. now owns 34,924 shares of the construction company’s stock worth $10,873,000 after purchasing an additional 30,390 shares during the last quarter. Norges Bank purchased a new position in TopBuild during the fourth quarter worth about $108,688,000. New Age Alpha Advisors LLC purchased a new position in TopBuild during the fourth quarter worth about $2,010,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in TopBuild by 123.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,290 shares of the construction company’s stock worth $732,000 after purchasing an additional 1,266 shares during the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Price Performance

Shares of NYSE BLD opened at $376.39 on Monday. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $10.76 billion, a PE ratio of 19.04, a P/E/G ratio of 4.91 and a beta of 1.64. The firm has a fifty day simple moving average of $329.20 and a 200 day simple moving average of $316.35. TopBuild has a twelve month low of $266.26 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company posted $4.81 earnings per share. On average, sell-side analysts forecast that TopBuild will post 20.97 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.