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

TopBuild Corp. (NYSE:BLD) has been given an average recommendation of “Moderate Buy” by the sixteen research firms that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $443.7307.

Several equities research analysts have recently commented on BLD shares. Jefferies Financial Group boosted their target price on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Royal Bank Of Canada assumed coverage on shares of TopBuild in a report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price target for the company. Benchmark upped their price objective on shares of TopBuild from $444.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. DA Davidson reaffirmed a “buy” rating and set a $485.00 price objective on shares of TopBuild in a report on Wednesday, December 10th. Finally, Weiss Ratings upgraded shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th.

TopBuild Price Performance

Shares of BLD stock opened at $538.23 on Friday. The stock’s fifty day simple moving average is $462.13 and its 200 day simple moving average is $435.25. TopBuild has a one year low of $266.26 and a one year high of $555.85. The firm has a market cap of $15.11 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 8.93 and a beta of 1.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45.

Insider Transactions at TopBuild

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total value of $450,400.00. Following the transaction, the vice president owned 9,349 shares of the company’s stock, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its stake in shares of TopBuild by 2.8% in the fourth quarter. Capital Research Global Investors now owns 3,594,131 shares of the construction company’s stock worth $1,499,500,000 after acquiring an additional 97,247 shares during the last quarter. Capital International Investors increased its holdings in shares of TopBuild by 71.1% in the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after purchasing an additional 630,857 shares in the last quarter. Capital World Investors increased its holdings in shares of TopBuild by 0.9% in the fourth quarter. Capital World Investors now owns 872,309 shares of the construction company’s stock valued at $363,919,000 after purchasing an additional 7,735 shares in the last quarter. Bank of America Corp DE raised its position in TopBuild by 14.8% in the 2nd quarter. Bank of America Corp DE now owns 847,436 shares of the construction company’s stock worth $274,349,000 after purchasing an additional 109,572 shares during the last quarter. Finally, Boston Partners lifted its holdings in TopBuild by 1.0% during the 3rd quarter. Boston Partners now owns 781,561 shares of the construction company’s stock worth $305,662,000 after buying an additional 7,400 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.