Analysts Set TopBuild Corp. (NYSE:BLD) Price Target at $380.22

Shares of TopBuild Corp. (NYSE:BLD) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $380.22.

Several research firms have weighed in on BLD. Stephens lowered their price objective on shares of TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. Benchmark lowered their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a report on Tuesday, April 1st. They set a “buy” rating and a $356.00 price target on the stock. Finally, DA Davidson lowered their price target on shares of TopBuild from $435.00 to $395.00 and set a “buy” rating on the stock in a report on Thursday, May 8th.

TopBuild Price Performance

NYSE BLD opened at $304.11 on Wednesday. The stock has a market capitalization of $8.69 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.82 and a beta of 1.72. TopBuild has a 1 year low of $266.26 and a 1 year high of $495.68. The business’s fifty day moving average is $296.72 and its two-hundred day moving average is $324.62. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $4.81 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, research analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the company’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 completion of the sale, the insider now directly owns 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TopBuild

A number of hedge funds have recently bought and sold shares of BLD. T. Rowe Price Investment Management Inc. boosted its holdings in TopBuild by 779.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock valued at $188,098,000 after acquiring an additional 535,478 shares during the period. Boston Partners bought a new stake in TopBuild during the first quarter valued at about $116,738,000. Norges Bank bought a new stake in TopBuild during the fourth quarter valued at about $108,688,000. Westwood Holdings Group Inc. bought a new stake in TopBuild during the fourth quarter valued at about $80,844,000. Finally, New Vernon Capital Holdings II LLC bought a new stake in TopBuild during the first quarter valued at about $75,604,000. 95.67% of the stock is currently owned by 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.