TopBuild (NYSE:BLD) Price Target Raised to $390.00

TopBuild (NYSE:BLD) had its price target increased by Truist Financial from $370.00 to $390.00 in a report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a hold rating on the construction company’s stock.

A number of other equities analysts have also commented on BLD. Benchmark increased their price target on TopBuild from $375.00 to $444.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. UBS Group set a $370.00 price target on TopBuild and gave the company a “hold” rating in a research note on Tuesday, August 5th. Evercore ISI raised their price objective on TopBuild from $424.00 to $449.00 and gave the company an “in-line” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on TopBuild from $344.00 to $398.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, Loop Capital raised their price objective on TopBuild from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $402.91.

TopBuild Price Performance

Shares of TopBuild stock opened at $423.35 on Thursday. The stock has a 50 day moving average of $415.53 and a 200 day moving average of $349.52. TopBuild has a 12 month low of $266.26 and a 12 month high of $445.74. The firm has a market cap of $11.91 billion, a PE ratio of 20.84, a PEG ratio of 5.67 and a beta of 1.66. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86.

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

Insiders Place Their Bets

In other news, insider Jeff M. Krestancic sold 373 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.00, for a total value of $154,795.00. Following the sale, the insider directly owned 4,934 shares in the company, valued at approximately $2,047,610. This represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the sale, the vice president owned 10,349 shares in the company, valued at approximately $4,295,041.98. The trade was a 8.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,663 shares of company stock valued at $5,709,488. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On TopBuild

Several hedge funds and other institutional investors have recently modified their holdings of the business. Trust Point Inc. raised its holdings in shares of TopBuild by 27.0% in the third quarter. Trust Point Inc. now owns 1,059 shares of the construction company’s stock worth $414,000 after buying an additional 225 shares during the period. Ausbil Investment Management Ltd raised its holdings in shares of TopBuild by 252.3% in the third quarter. Ausbil Investment Management Ltd now owns 6,000 shares of the construction company’s stock worth $2,365,000 after buying an additional 4,297 shares during the period. Oak Thistle LLC purchased a new stake in shares of TopBuild in the third quarter worth approximately $1,855,000. Aaron Wealth Advisors LLC purchased a new position in TopBuild during the 3rd quarter worth $315,000. Finally, GAMMA Investing LLC increased its holdings in TopBuild by 48.0% during the 3rd quarter. GAMMA Investing LLC now owns 706 shares of the construction company’s stock worth $276,000 after purchasing an additional 229 shares during the period. 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.