TopBuild’s (BLD) Buy Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of TopBuild (NYSE:BLD) in a research report sent to investors on Wednesday,Benzinga reports. DA Davidson currently has a $485.00 price objective on the construction company’s stock.

A number of other research firms have also commented on BLD. Benchmark lifted their target price on TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wells Fargo & Company began coverage on shares of TopBuild in a research note on Monday, November 17th. They set an “overweight” rating and a $500.00 price target on the stock. The Goldman Sachs Group boosted their price objective on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of TopBuild in a research note on Wednesday, October 8th. Finally, Evercore ISI decreased their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $430.00.

TopBuild Stock Up 5.6%

Shares of BLD opened at $442.60 on Wednesday. TopBuild has a 1 year low of $266.26 and a 1 year high of $461.49. The firm has a market cap of $12.42 billion, a P/E ratio of 22.47, a P/E/G ratio of 6.99 and a beta of 1.67. The stock has a 50 day simple moving average of $430.14 and a two-hundred day simple moving average of $392.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned $5.68 EPS. TopBuild’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

Insider Buying and Selling at TopBuild

In related news, VP Luis Francisco Machado sold 1,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the sale, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This represents a 9.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL boosted its holdings in TopBuild by 1,058.1% in the third quarter. Tudor Investment Corp ET AL now owns 9,265 shares of the construction company’s stock worth $3,621,000 after acquiring an additional 8,465 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in shares of TopBuild by 7.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 8,580 shares of the construction company’s stock valued at $3,354,000 after purchasing an additional 588 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in TopBuild in the 3rd quarter worth approximately $2,740,000. Coldstream Capital Management Inc. grew its position in TopBuild by 4.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,680 shares of the construction company’s stock worth $657,000 after purchasing an additional 70 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in TopBuild during the 3rd quarter worth approximately $1,631,000. 95.67% of the stock is owned by 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.