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

TopBuild Corp. (NYSE:BLD) has earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $443.7307.

A number of research analysts recently weighed in on BLD shares. Benchmark raised their price objective on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Jefferies Financial Group lifted their price target on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Weiss Ratings raised shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Royal Bank Of Canada began coverage on shares of TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 target price on the stock. Finally, Evercore cut their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating for the company in a research report on Wednesday, November 5th.

Insider Activity at TopBuild

In other news, VP Luis Francisco Machado sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was 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 directly owned 9,349 shares in the company, valued at $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is currently owned by company insiders.

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently modified their holdings of BLD. AQR Capital Management LLC boosted its stake in TopBuild by 48.2% during the first quarter. AQR Capital Management LLC now owns 2,573 shares of the construction company’s stock worth $774,000 after buying an additional 837 shares in the last quarter. Callan Family Office LLC bought a new stake in TopBuild in the second quarter valued at about $337,000. Blue Trust Inc. raised its position in TopBuild by 21.7% in the second quarter. Blue Trust Inc. now owns 224 shares of the construction company’s stock worth $73,000 after purchasing an additional 40 shares in the last quarter. Aberdeen Group plc lifted its stake in TopBuild by 0.7% during the second quarter. Aberdeen Group plc now owns 34,299 shares of the construction company’s stock worth $11,104,000 after purchasing an additional 253 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in TopBuild by 23.8% during the second quarter. Sequoia Financial Advisors LLC now owns 1,176 shares of the construction company’s stock worth $381,000 after purchasing an additional 226 shares during the period. 95.67% of the stock is currently owned by institutional investors.

TopBuild Trading Down 1.1%

TopBuild stock opened at $538.23 on Friday. TopBuild has a one year low of $266.26 and a one year high of $555.85. The company’s fifty day moving average price is $462.13 and its two-hundred day moving average price is $435.25. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The company has a market capitalization of $15.11 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 8.93 and a beta of 1.70.

About TopBuild

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.