TopBuild (NYSE:BLD) Reaches New 12-Month High at $450.00

TopBuild Corp. (NYSE:BLD - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as $450.00 and last traded at $446.11, with a volume of 3616 shares changing hands. The stock had previously closed at $441.78.

Analyst Ratings Changes

BLD has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of TopBuild from $419.00 to $429.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Bank of America increased their price objective on shares of TopBuild from $410.00 to $475.00 and gave the company a "buy" rating in a research report on Thursday, March 14th. Loop Capital upgraded shares of TopBuild from a "hold" rating to a "buy" rating in a research report on Monday, January 8th. DA Davidson initiated coverage on shares of TopBuild in a research report on Tuesday, March 5th. They set a "buy" rating and a $470.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded shares of TopBuild from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $312.00 to $387.00 in a research report on Thursday, December 14th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $401.40.

TopBuild Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. The business's 50 day moving average is $403.32 and its 200 day moving average is $335.49. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.09 and a beta of 1.66.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The construction company reported $4.69 EPS for the quarter, beating the consensus estimate of $4.60 by $0.09. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the business posted $4.40 EPS. The business's quarterly revenue was up 1.7% compared to the same quarter last year. Sell-side analysts anticipate that TopBuild Corp. will post 20.98 earnings per share for the current year.

Institutional Trading of TopBuild

Institutional investors and hedge funds have recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new stake in TopBuild during the 4th quarter valued at approximately $28,000. Principal Securities Inc. acquired a new position in shares of TopBuild in the fourth quarter worth about $28,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of TopBuild in the fourth quarter worth about $36,000. Northwest Financial Advisors purchased a new stake in shares of TopBuild during the 4th quarter worth about $41,000. Finally, Farther Finance Advisors LLC grew its position in shares of TopBuild by 107.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 116 shares of the construction company's stock valued at $31,000 after acquiring an additional 60 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.