Analysts Set TopBuild Corp. (NYSE:BLD) Price Target at $420.90

Shares of TopBuild Corp. (NYSE:BLD) have received an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $420.90.

A number of equities research analysts recently commented on BLD shares. Evercore ISI upped their price target on shares of TopBuild from $469.00 to $527.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Bank of America raised their price objective on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Benchmark upped their target price on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Stephens restated an “equal weight” rating and set a $425.00 price target on shares of TopBuild in a research report on Tuesday, April 23rd. Finally, StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research note on Saturday, April 6th.

Insiders Place Their Bets

In other news, CEO Robert M. Buck sold 2,500 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $418.05, for a total transaction of $1,045,125.00. Following the transaction, the chief executive officer now directly owns 69,468 shares of the company’s stock, valued at $29,041,097.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Nancy M. Taylor sold 300 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $415.81, for a total value of $124,743.00. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at $2,461,595.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert M. Buck sold 2,500 shares of TopBuild stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total value of $1,045,125.00. Following the transaction, the chief executive officer now directly owns 69,468 shares in the company, valued at $29,041,097.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,340 shares of company stock valued at $3,407,994. Corporate insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On TopBuild

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in shares of TopBuild during the 4th quarter valued at $28,000. Principal Securities Inc. bought a new position in shares of TopBuild in the fourth quarter worth about $28,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of TopBuild during the first quarter worth about $31,000. Benjamin F. Edwards & Company Inc. bought a new stake in TopBuild during the 4th quarter valued at approximately $36,000. Finally, Rise Advisors LLC purchased a new position in TopBuild in the 1st quarter worth approximately $37,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 0.0 %

Shares of BLD opened at $381.50 on Friday. The firm’s 50 day simple moving average is $403.88 and its 200 day simple moving average is $395.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.81 and a quick ratio of 2.33. The company has a market capitalization of $12.14 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.75 and a beta of 1.75. TopBuild has a 1-year low of $217.08 and a 1-year high of $452.87.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.56 by $0.25. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.36 earnings per share. Sell-side analysts forecast that TopBuild will post 21.63 earnings per share for the current fiscal year.

TopBuild Company Profile

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.