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

Shares of TopBuild Corp. (NYSE:BLD) have been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $439.7307.

BLD has been the topic of a number of recent research reports. Evercore ISI dropped 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 note on Wednesday, November 5th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Truist Financial upped their price objective on TopBuild from $370.00 to $390.00 and gave the company a “hold” rating in a research note on Thursday, October 9th. Wells Fargo & Company lifted their target price on TopBuild from $500.00 to $540.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group upped their price target on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th.

TopBuild Price Performance

Shares of NYSE BLD opened at $493.80 on Monday. The stock has a market cap of $13.86 billion, a P/E ratio of 25.07, a P/E/G 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 50 day moving average of $438.24 and a two-hundred day moving average of $418.77. The company has a current ratio of 2.90, a quick ratio of 2.45 and a debt-to-equity ratio of 1.26.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.22 by $0.14. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. 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 firm posted $5.68 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, research analysts forecast that TopBuild will post 20.97 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Luis Francisco Machado sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the sale, the vice president owned 9,349 shares in the company, valued at approximately $4,210,789.60. This trade represents a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BLD. Frank Rimerman Advisors LLC acquired a new stake in TopBuild in the fourth quarter valued at about $212,000. Spire Wealth Management increased its position 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 purchasing an additional 9,769 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of TopBuild during the 4th quarter worth approximately $118,000. Exchange Traded Concepts LLC acquired a new stake in shares of TopBuild in the 4th quarter valued at approximately $129,000. Finally, Dakota Wealth Management purchased a new stake in shares of TopBuild in the fourth quarter valued at approximately $361,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.