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

TopBuild Corp. (NYSE:BLD - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $380.22.

BLD has been the subject of several recent research reports. Loop Capital reduced their price objective on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Benchmark reduced their price target on TopBuild from $445.00 to $375.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research report on Tuesday, April 1st. They set a "buy" rating and a $356.00 price target for the company. Wall Street Zen cut TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Truist Financial reduced their price target on TopBuild from $395.00 to $310.00 and set a "hold" rating for the company in a research report on Thursday, February 27th.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider now owns 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company's stock.

Hedge Funds Weigh In On TopBuild

A number of large investors have recently made changes to their positions in BLD. T. Rowe Price Investment Management Inc. increased its stake in shares of TopBuild by 779.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company's stock worth $188,098,000 after purchasing an additional 535,478 shares during the period. Boston Partners bought a new position in TopBuild during the 1st quarter worth $116,738,000. Norges Bank bought a new position in TopBuild during the 4th quarter worth $108,688,000. Westwood Holdings Group Inc. bought a new position in TopBuild during the 4th quarter worth $80,844,000. Finally, New Vernon Capital Holdings II LLC bought a new position in TopBuild during the 1st quarter worth $75,604,000. Institutional investors own 95.67% of the company's stock.

TopBuild Stock Down 1.3%

BLD stock opened at $297.13 on Friday. 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 stock has a market capitalization of $8.49 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.82 and a beta of 1.62. The business has a 50-day moving average of $290.94 and a 200-day moving average of $316.62. TopBuild has a fifty-two week low of $266.26 and a fifty-two week high of $495.68.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.81 earnings per share. On average, sell-side analysts anticipate that TopBuild will post 20.97 earnings per share for the current fiscal year.

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.

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