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

TopBuild Corp. (NYSE:BLD - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $380.22.

BLD has been the topic of several research analyst reports. Loop Capital dropped their price objective on shares of TopBuild from $370.00 to $360.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of TopBuild in a research report on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price objective on the stock. Stephens dropped their price objective on shares of TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, DA Davidson dropped their price objective on shares of TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

TopBuild Stock Performance

BLD stock traded up $2.46 during trading hours on Thursday, reaching $347.63. The stock had a trading volume of 287,273 shares, compared to its average volume of 327,792. The stock has a market capitalization of $9.94 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 3.49 and a beta of 1.64. The stock has a 50-day simple moving average of $302.24 and a 200 day simple moving average of $309.19. TopBuild has a fifty-two week low of $266.26 and a fifty-two week high of $495.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. TopBuild had a net margin of 11.23% and a return on equity of 28.52%. The company's revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.81 earnings per share. Analysts predict that TopBuild will post 20.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Steven P. Raia sold 1,738 shares of the firm'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 transaction, the insider directly owned 7,007 shares of the company's stock, valued at approximately $2,179,036.86. This trade 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 through the SEC website. Corporate insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On TopBuild

A number of large investors have recently bought and sold shares of BLD. T. Rowe Price Investment Management Inc. grew its stake in 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 buying an additional 535,478 shares in the last quarter. Boston Partners acquired a new stake in TopBuild during the first quarter worth about $116,738,000. Norges Bank acquired a new stake in TopBuild during the fourth quarter worth about $108,688,000. Westwood Holdings Group Inc. acquired a new stake in TopBuild during the fourth quarter worth about $80,844,000. Finally, New Vernon Capital Holdings II LLC acquired a new stake in TopBuild during the first quarter worth about $75,604,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.