Bank of America Issues Positive Forecast for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD - Get Free Report) had its price objective increased by stock analysts at Bank of America from $320.00 to $400.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Bank of America's target price suggests a potential upside of 5.59% from the company's previous close.

Other equities analysts have also recently issued reports about the stock. DA Davidson lowered their price target on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Stephens lowered their price target on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Loop Capital decreased their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

TopBuild Stock Performance

BLD traded down $5.95 during trading on Wednesday, hitting $378.82. The stock had a trading volume of 491,462 shares, compared to its average volume of 332,742. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.47 and a current ratio of 2.02. TopBuild has a twelve month low of $266.26 and a twelve month high of $495.68. The firm has a market capitalization of $10.83 billion, a P/E ratio of 19.16, a PEG ratio of 4.17 and a beta of 1.64. The company's 50-day moving average price is $309.35 and its 200 day moving average price is $311.19.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the company posted $4.81 EPS. The business's revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities research analysts forecast that TopBuild will post 20.97 EPS for the current fiscal year.

Insider Transactions at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the sale, the insider owned 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.43% of the company's stock.

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently bought and sold shares of BLD. Proficio Capital Partners LLC acquired a new stake in TopBuild during the 4th quarter worth approximately $5,913,000. Raymond James Financial Inc. acquired a new stake in TopBuild during the 4th quarter worth approximately $6,410,000. Amundi grew its position in TopBuild by 23.9% in the fourth quarter. Amundi now owns 80,787 shares of the construction company's stock valued at $25,811,000 after acquiring an additional 15,609 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TopBuild by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,980 shares of the construction company's stock valued at $3,730,000 after acquiring an additional 1,195 shares in the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new stake in TopBuild in the fourth quarter valued at approximately $1,219,000. Institutional investors and hedge funds own 95.67% of the company's stock.

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.