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

Key Points

• TopBuild Corp. has received a consensus recommendation of "Moderate Buy" from 13 different brokerages, indicating a mix of buy, hold, and strong buy ratings.
• Investment analysts have adjusted their price targets for TopBuild, with Bank of America raising its target from $320 to $400, while Evercore ISI increased theirs from $424 to $449.
• In recent insider trading, TopBuild's CFO and CEO sold significant shares of stock, resulting in an 8.64% and 9.12% decrease in their ownership, respectively.

Shares of TopBuild Corp. (NYSE:BLD - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $402.9091.

Several analysts have issued reports on the stock. Bank of America boosted their target price on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. UBS Group set a $370.00 price target on shares of TopBuild and gave the company a "hold" rating in a report on Tuesday, August 5th. Weiss Ratings restated a "hold (c+)" rating on shares of TopBuild in a report on Wednesday. Truist Financial boosted their price target on shares of TopBuild from $370.00 to $390.00 and gave the company a "hold" rating in a report on Thursday. Finally, Evercore ISI boosted their price target on shares of TopBuild from $424.00 to $449.00 and gave the company an "in-line" rating in a report on Thursday.

Insider Buying and Selling at TopBuild

In related news, CFO Robert M. Kuhns sold 1,350 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total value of $590,584.50. Following the completion of the sale, the chief financial officer directly owned 14,283 shares in the company, valued at approximately $6,248,384.01. This represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert M. Buck sold 7,350 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of the sale, the chief executive officer owned 73,225 shares of the company's stock, valued at $30,402,287.75. This represents a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,663 shares of company stock valued at $5,709,488. Company insiders own 0.43% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. MAI Capital Management lifted its stake in shares of TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company's stock valued at $38,000 after buying an additional 26 shares during the period. Secure Asset Management LLC lifted its stake in shares of TopBuild by 1.3% in the second quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company's stock valued at $702,000 after buying an additional 27 shares during the period. UMB Bank n.a. lifted its stake in shares of TopBuild by 8.0% in the second quarter. UMB Bank n.a. now owns 364 shares of the construction company's stock valued at $118,000 after buying an additional 27 shares during the period. Franklin Resources Inc. lifted its stake in shares of TopBuild by 2.0% in the second quarter. Franklin Resources Inc. now owns 1,713 shares of the construction company's stock valued at $555,000 after buying an additional 34 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of TopBuild by 3.3% in the second quarter. Kingswood Wealth Advisors LLC now owns 1,111 shares of the construction company's stock valued at $360,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 95.67% of the company's stock.

TopBuild Price Performance

Shares of NYSE:BLD opened at $423.35 on Friday. TopBuild has a 12 month low of $266.26 and a 12 month high of $445.74. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 5.70 and a beta of 1.66. The stock's 50 day moving average price is $415.53 and its 200 day moving average price is $349.26. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.83 and a quick ratio of 2.29.

TopBuild (NYSE:BLD - Get Free Report) last announced its earnings results on Tuesday, August 5th. The construction company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.07 by $0.24. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a return on equity of 28.32% and a net margin of 11.40%.TopBuild's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Equities research 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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