TopBuild (NYSE:BLD) Trading Up 9.6% – Still a Buy?

TopBuild Corp. (NYSE:BLD) was up 9.6% on Monday . The stock traded as high as $409.90 and last traded at $408.72. Approximately 209,268 shares were traded during trading, a decline of 27% from the average daily volume of 287,556 shares. The stock had previously closed at $373.05.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BLD. Truist Financial decreased their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Evercore ISI decreased their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Stephens lowered their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Jefferies Financial Group cut their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, TopBuild presently has an average rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Stock Performance

The firm’s fifty day moving average price is $382.64 and its 200 day moving average price is $396.04. The firm has a market cap of $12.00 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.35 and a beta of 1.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. TopBuild’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.43 earnings per share. Sell-side analysts expect that TopBuild Corp. will post 20.99 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

A number of large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of TopBuild by 6.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after buying an additional 820 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in TopBuild by 29.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock worth $56,489,000 after purchasing an additional 30,000 shares during the last quarter. River Global Investors LLP increased its position in shares of TopBuild by 27.3% during the third quarter. River Global Investors LLP now owns 6,930 shares of the construction company’s stock worth $2,818,000 after purchasing an additional 1,485 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after purchasing an additional 2,008 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in TopBuild during the 2nd quarter worth $262,000. 95.67% of the stock is currently owned by institutional investors.

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.