Loop Capital Issues Positive Forecast for TopBuild (NYSE:BLD) Stock Price

TopBuild (NYSE:BLD - Get Free Report) had its target price hoisted by stock analysts at Loop Capital from $360.00 to $400.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Loop Capital's price target would suggest a potential upside of 3.90% from the company's current price.

BLD has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price target on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday. Bank of America raised their price target on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 price objective on the stock. Stephens decreased their price objective on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Finally, DA Davidson decreased their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TopBuild presently has a consensus rating of "Moderate Buy" and an average target price of $387.27.

TopBuild Stock Up 1.6%

Shares of TopBuild stock traded up $6.18 on Wednesday, reaching $384.98. 731,605 shares of the company were exchanged, compared to its average volume of 333,196. TopBuild has a 1-year low of $266.26 and a 1-year high of $495.68. The company has a market cap of $11.01 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 3.59 and a beta of 1.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.02 and a quick ratio of 1.47. The stock's 50 day moving average price is $306.05 and its 200-day moving average price is $310.23.

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

Insider Activity at TopBuild

In related news, insider Steven P. Raia sold 1,738 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the sale, the insider directly owned 7,007 shares in the company, valued at approximately $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 can be accessed through this link. 0.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TopBuild

A number of hedge funds have recently bought and sold shares of BLD. Secure Asset Management LLC grew its position in shares of TopBuild by 1.3% in the 2nd quarter. Secure Asset Management LLC now owns 2,169 shares of the construction company's stock worth $702,000 after acquiring an additional 27 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in TopBuild by 2.5% during the 4th 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 raised its stake in TopBuild by 1.8% during the 1st quarter. Enhancing Capital LLC now owns 2,212 shares of the construction company's stock valued at $675,000 after acquiring 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 acquiring an additional 48 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in TopBuild by 8.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 621 shares of the construction company's stock valued at $201,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company's stock.

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.