TopBuild Corp. (NYSE:BLD) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• TopBuild Corp. has received a consensus rating of "Moderate Buy" from thirteen brokerages, with eight analysts recommending buy ratings and one issuing a strong buy.
• The company's 1-year target price among analysts is approximately $394.67, with varying target adjustments by different firms, including one as high as $444.00.
• TopBuild reported a net margin of 11.40% and earnings per share of $5.31 for the last quarter, surpassing analysts' estimates while experiencing a 5% revenue decline compared to the same quarter last year.

Shares of TopBuild Corp. (NYSE:BLD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $394.6667.

A number of research firms have commented on BLD. Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Stephens lowered their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Benchmark lifted their target price on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Loop Capital lifted their target price on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, DA Davidson lowered their target price on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

Insider Activity

In other news, CFO Robert M. Kuhns sold 2,000 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $416.10, for a total value of $832,200.00. Following the completion of the transaction, the chief financial officer owned 15,633 shares of the company's stock, valued at $6,504,891.30. The trade was a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of the transaction, the chief executive officer directly owned 73,225 shares of the company's stock, valued at $30,402,287.75. This trade represents a 9.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,313 shares of company stock worth $5,118,903 over the last quarter. Corporate insiders own 0.43% of the company's stock.

Hedge Funds Weigh In On TopBuild

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in TopBuild during the 4th quarter worth about $6,410,000. First Trust Advisors LP lifted its position in TopBuild by 24.9% during the 4th quarter. First Trust Advisors LP now owns 51,390 shares of the construction company's stock worth $16,000,000 after buying an additional 10,237 shares in the last quarter. MetLife Investment Management LLC lifted its position in TopBuild by 6.4% during the 4th quarter. MetLife Investment Management LLC now owns 16,649 shares of the construction company's stock worth $5,184,000 after buying an additional 1,006 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in TopBuild by 26.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,695 shares of the construction company's stock worth $839,000 after buying an additional 564 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its position in TopBuild by 65.1% during the 4th quarter. Pinebridge Investments L.P. now owns 15,745 shares of the construction company's stock worth $4,902,000 after buying an additional 6,209 shares in the last quarter. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Performance

NYSE BLD opened at $416.0640 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 5.63 and a beta of 1.63. The company has a 50 day moving average of $368.77 and a 200-day moving average of $324.13. TopBuild has a 1-year low of $266.26 and a 1-year high of $445.74.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. TopBuild's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, equities analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

About TopBuild

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.

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