TopBuild Corp. (NYSE:BLD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TopBuild Corp. (NYSE:BLD) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $439.7307.

BLD has been the subject of several recent research reports. Benchmark raised their price objective on shares of TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Truist Financial increased their target price on shares of TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a report on Thursday, October 9th. Royal Bank Of Canada initiated coverage on shares of TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target for the company. Evercore ISI cut their price objective on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Finally, Vertical Research started coverage on TopBuild in a report on Tuesday, October 21st. They issued a “buy” rating and a $517.96 target price for the company.

Insider Activity

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the completion of the transaction, the vice president owned 9,349 shares in the company, valued at $4,210,789.60. The trade was a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On TopBuild

Hedge funds have recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC purchased a new stake in shares of TopBuild during the 4th quarter worth approximately $212,000. Spire Wealth Management raised its stake in TopBuild by 3,846.1% during the 4th quarter. Spire Wealth Management now owns 10,023 shares of the construction company’s stock worth $4,181,000 after acquiring an additional 9,769 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in TopBuild in the fourth quarter valued at $118,000. Exchange Traded Concepts LLC acquired a new position in TopBuild in the fourth quarter valued at $129,000. Finally, Dakota Wealth Management purchased a new position in shares of TopBuild during the fourth quarter worth about $361,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Trading Down 1.4%

Shares of NYSE BLD opened at $493.80 on Monday. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $13.86 billion, a PE ratio of 25.07, a PEG ratio of 8.15 and a beta of 1.68. TopBuild has a twelve month low of $266.26 and a twelve month high of $509.36. The stock has a fifty day simple moving average of $438.24 and a 200-day simple moving average of $418.77.

TopBuild (NYSE:BLD) last posted its 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. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.TopBuild’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.68 EPS. On average, equities analysts forecast that TopBuild will post 20.97 earnings per share for the current year.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.