TopBuild (NYSE:BLD) Hits New 52-Week High - What's Next?

Key Points

• TopBuild Corp. shares reached a new 52-week high of $445.94, with the last traded price at $442.95 and a trading volume of 105,699 shares.
• Analysts have revised their price targets for TopBuild, with Evercore ISI setting a new target of $449 and Seaport Res Ptn upgrading the stock to a "strong-buy" rating.
• The company reported $5.31 EPS for the last quarter, surpassing analysts' estimates, though quarterly revenue decreased by 5% year-over-year.

TopBuild Corp. (NYSE:BLD - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $445.94 and last traded at $442.95, with a volume of 105699 shares traded. The stock had previously closed at $439.22.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI boosted their price objective on shares of TopBuild from $424.00 to $449.00 and gave the company an "in-line" rating in a research note on Thursday, October 9th. Truist Financial upped their price target on shares of TopBuild from $370.00 to $390.00 and gave the stock a "hold" rating in a report on Thursday, October 9th. Seaport Res Ptn raised TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of TopBuild in a report on Wednesday, October 8th. Finally, Loop Capital boosted their price objective on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $402.91.

TopBuild Price Performance

The stock has a market capitalization of $12.42 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 4.43 and a beta of 1.66. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.29 and a current ratio of 2.83. The firm has a 50-day moving average price of $416.88 and a 200 day moving average price of $351.23.

TopBuild (NYSE:BLD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $5.07 by $0.24. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. The business's quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the business earned $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. On average, analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling at TopBuild

In other news, CEO Robert M. Buck sold 7,350 shares of TopBuild stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.19, for a total value of $3,051,646.50. Following the transaction, the chief executive officer owned 73,225 shares in the company, valued at approximately $30,402,287.75. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Luis Francisco Machado sold 990 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $415.02, for a total value of $410,869.80. Following the transaction, the vice president owned 10,349 shares in the company, valued at approximately $4,295,041.98. The trade was a 8.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,663 shares of company stock valued at $5,709,488. Company insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On TopBuild

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of TopBuild in the second quarter valued at about $35,000. SVB Wealth LLC purchased a new position in TopBuild during the 1st quarter valued at about $35,000. MAI Capital Management raised its position in TopBuild by 28.3% during the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company's stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Smartleaf Asset Management LLC raised its position in TopBuild by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company's stock valued at $47,000 after purchasing an additional 73 shares during the last quarter. Finally, Rossby Financial LCC purchased a new stake in TopBuild in the 1st quarter worth approximately $50,000. 95.67% of the stock is currently owned by institutional investors.

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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