TopBuild (NYSE:BLD) Sees Large Volume Increase

TopBuild Corp. (NYSE:BLD) saw unusually-high trading volume on Friday . Approximately 288,654 shares changed hands during mid-day trading, an increase of 13% from the previous session’s volume of 255,551 shares.The stock last traded at $417.45 and had previously closed at $408.88.

Analysts Set New Price Targets

Several research firms have commented on BLD. Stephens reiterated an “equal weight” rating and set a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. Bank of America boosted their price target on TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. DA Davidson started coverage on shares of TopBuild in a report on Tuesday, March 5th. They set a “buy” rating and a $470.00 target price for the company. Finally, Benchmark raised their price target on shares of TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $418.90.

TopBuild Stock Down 1.6 %

The firm’s fifty day simple moving average is $414.25 and its two-hundred day simple moving average is $360.22. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $12.81 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.98 and a beta of 1.67.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, beating analysts’ consensus estimates of $4.60 by $0.09. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.40 earnings per share. Sell-side analysts anticipate that TopBuild Corp. will post 21.02 EPS for the current year.

Hedge Funds Weigh In On TopBuild

Hedge funds have recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new stake in TopBuild in the 4th quarter valued at about $28,000. Principal Securities Inc. purchased a new stake in shares of TopBuild in the 4th quarter valued at approximately $28,000. BluePath Capital Management LLC acquired a new position in shares of TopBuild in the 3rd quarter worth approximately $30,000. Allspring Global Investments Holdings LLC purchased a new position in shares of TopBuild during the 1st quarter worth approximately $31,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of TopBuild during the 4th quarter worth approximately $36,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.