TopBuild Corp. (NYSE:BLD) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of TopBuild Corp. (NYSE:BLD - Get Free Report) have been given an average rating of "Moderate Buy" by the nine analysts that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $380.22.

Several research analysts have recently issued reports on the stock. Stephens dropped their target price on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Loop Capital decreased their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft assumed coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price on the stock. Finally, DA Davidson decreased their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating for the company in a research note on Thursday, May 8th.

Insider Buying and Selling at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction on Monday, May 12th. The stock was sold at an average price of $310.98, for a total value 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. The trade was a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BLD. Snowden Capital Advisors LLC lifted its position 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 acquiring an additional 33 shares in the last quarter. Enhancing Capital LLC grew its position in shares of TopBuild by 1.8% during the first quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company's stock worth $675,000 after purchasing an additional 39 shares in the last quarter. QRG Capital Management Inc. raised its stake in TopBuild by 3.8% during the 1st quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock valued at $400,000 after purchasing an additional 48 shares during the period. Harbor Investment Advisory LLC lifted its holdings in TopBuild by 8.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 621 shares of the construction company's stock worth $201,000 after purchasing an additional 49 shares in the last quarter. Finally, Seascape Capital Management lifted its holdings in TopBuild by 0.7% in the 1st quarter. Seascape Capital Management now owns 7,989 shares of the construction company's stock worth $2,436,000 after purchasing an additional 52 shares in the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Up 0.8%

BLD stock opened at $345.86 on Thursday. The business has a 50 day moving average of $300.32 and a 200 day moving average of $309.13. The firm has a market cap of $9.89 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 3.45 and a beta of 1.64. TopBuild has a twelve month low of $266.26 and a twelve month high of $495.68. The company has a quick ratio of 1.47, a current ratio of 2.02 and a debt-to-equity ratio of 0.62.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.43 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company's revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $4.81 earnings per share. On average, research analysts forecast that TopBuild will post 20.97 EPS 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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