TopBuild Corp. (NYSE:BLD) Receives Average Rating of "Moderate Buy" from Analysts

TopBuild Corp. (NYSE:BLD - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $380.22.

Several analysts have issued reports on the stock. Benchmark cut their target price on shares of TopBuild from $445.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Truist Financial dropped their price target on shares of TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Loop Capital dropped their price target on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. DA Davidson dropped 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target on the stock.

Insider Buying and Selling at TopBuild

In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the company's stock in a transaction dated 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 now directly owns 7,007 shares in the company, valued at $2,179,036.86. This represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On TopBuild

Several hedge funds have recently made changes to their positions in the stock. Snowden Capital Advisors LLC lifted its stake in shares of TopBuild by 2.5% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,377 shares of the construction company's stock valued at $429,000 after buying an additional 33 shares during the period. Enhancing Capital LLC lifted its stake in shares of TopBuild by 1.8% in the first quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company's stock valued at $675,000 after buying an additional 39 shares during the period. Sheaff Brock Investment Advisors LLC lifted its stake in shares of TopBuild by 0.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 5,400 shares of the construction company's stock valued at $1,681,000 after buying an additional 40 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company's stock valued at $37,000 after buying an additional 42 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of TopBuild by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 967 shares of the construction company's stock valued at $301,000 after buying an additional 48 shares during the period. Institutional investors own 95.67% of the company's stock.

TopBuild Trading Down 1.5%

NYSE BLD traded down $4.66 on Friday, hitting $304.88. 423,183 shares of the company were exchanged, compared to its average volume of 322,016. The company's 50 day moving average price is $291.23 and its 200-day moving average price is $315.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market capitalization of $8.72 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.62. TopBuild has a twelve month low of $266.26 and a twelve month high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $4.81 EPS. The company's revenue was down 3.6% on a year-over-year basis. Analysts predict 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.