TopBuild (NYSE:BLD) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of TopBuild (NYSE:BLD) in a research report report published on Monday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $500.00 target price on the construction company’s stock.

Other analysts also recently issued reports about the stock. Evercore ISI cut their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Truist Financial boosted their price objective on shares of TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a report on Thursday, October 9th. DA Davidson increased their target price on shares of TopBuild from $465.00 to $485.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. The Goldman Sachs Group lifted their price target on shares of TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $431.54.

TopBuild Stock Down 3.7%

NYSE:BLD opened at $403.37 on Monday. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. TopBuild has a 12-month low of $266.26 and a 12-month high of $461.49. The stock’s fifty day simple moving average is $419.85 and its 200-day simple moving average is $375.60. The firm has a market capitalization of $11.32 billion, a P/E ratio of 20.48, a P/E/G ratio of 6.99 and a beta of 1.64.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, beating analysts’ consensus estimates of $5.22 by $0.14. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $5.68 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. Equities research analysts expect that TopBuild will post 20.97 earnings per share for the current year.

Insider Activity at TopBuild

In other news, CFO Robert M. Kuhns sold 1,350 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $437.47, for a total value of $590,584.50. Following the sale, the chief financial officer directly owned 14,283 shares in the company, valued at $6,248,384.01. The trade was a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new position in TopBuild during the 3rd quarter worth approximately $34,000. SVB Wealth LLC bought a new stake in shares of TopBuild in the first quarter worth $35,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of TopBuild in the second quarter worth $35,000. MAI Capital Management boosted its holdings in TopBuild by 28.3% during the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in TopBuild by 3,433.3% in the third quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock valued at $41,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.