Analysts Set TopBuild Corp. (NYSE:BLD) Price Target at $387.27

Key Points

• TopBuild Corp. has received a consensus rating of "Moderate Buy" from eleven research analysts, with an average 12-month price target of $387.27.
• Insider Steven P. Raia sold 1,738 shares of TopBuild, amounting to a total value of $540,483.24, which represents a 19.87% decrease in his ownership stake.
• TopBuild reported $4.63 earnings per share for the last quarter, outperforming analysts' estimates, despite a 3.6% year-over-year decline in revenue.

Shares of TopBuild Corp. (NYSE:BLD - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $387.27.

BLD has been the topic of a number of analyst reports. DA Davidson reduced their price objective 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. Bank of America increased their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. increased their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Loop Capital increased 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, Stephens dropped their price objective 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.

Insiders Place Their Bets

In other news, insider Steven P. Raia sold 1,738 shares of the firm's 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 $2,179,036.86. This trade represents a 19.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.43% of the company's stock.

Institutional Trading of TopBuild

Large investors have recently modified their holdings of the stock. QRG Capital Management Inc. grew its position in shares of TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after buying an additional 48 shares during the period. The Manufacturers Life Insurance Company grew its position in TopBuild by 3.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock valued at $6,192,000 after purchasing an additional 637 shares during the period. Algert Global LLC grew its position in TopBuild by 69.7% in the 4th quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock valued at $2,189,000 after purchasing an additional 2,887 shares during the period. Two Sigma Investments LP grew its position in TopBuild by 192.7% in the 4th quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock valued at $5,407,000 after purchasing an additional 11,434 shares during the period. Finally, Ausbil Investment Management Ltd acquired a new stake in TopBuild in the 1st quarter valued at $269,000. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Stock Down 2.0%

BLD traded down $7.48 during trading on Monday, reaching $368.18. 76,926 shares of the stock were exchanged, compared to its average volume of 359,263. The stock has a market cap of $10.53 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 4.91 and a beta of 1.64. TopBuild has a twelve month low of $266.26 and a twelve month high of $495.68. The stock's 50 day moving average price is $329.20 and its two-hundred day moving average price is $316.35. 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 (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.43 by $0.20. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The firm 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 company earned $4.81 earnings per share. The company's quarterly revenue was down 3.6% on a year-over-year basis. Equities analysts expect that TopBuild will post 20.97 EPS for the current 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.