TopBuild (NYSE:BLD) Stock Price Expected to Rise, Loop Capital Analyst Says

TopBuild (NYSE:BLD - Get Free Report) had its target price boosted by Loop Capital from $360.00 to $400.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Loop Capital's target price would suggest a potential upside of 5.24% from the company's current price.

Several other analysts have also commented on the company. Bank of America increased their price objective on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research note on Wednesday. Stephens cut their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research note on Tuesday, April 1st. They issued a "buy" rating and a $356.00 price target for the company. Finally, DA Davidson lowered their price objective on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, TopBuild currently has an average rating of "Moderate Buy" and an average price target of $387.27.

TopBuild Trading Up 6.5%

NYSE:BLD traded up $23.19 during midday trading on Wednesday, hitting $380.08. The stock had a trading volume of 870,158 shares, compared to its average volume of 331,602. TopBuild has a one year low of $266.26 and a one year high of $495.68. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 3.59 and a beta of 1.64. The stock has a 50-day moving average of $306.05 and a 200 day moving average of $310.23. 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 announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.20. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $4.81 earnings per share. TopBuild's revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts forecast that TopBuild will post 20.97 EPS for the current year.

Insider Activity at TopBuild

In other news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the sale, the insider owned 7,007 shares of the company's stock, valued at approximately $2,179,036.86. The trade was a 19.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.43% of the company's stock.

Institutional Trading of TopBuild

Several institutional investors have recently made changes to their positions in BLD. SVB Wealth LLC purchased a new stake in shares of TopBuild during the 1st quarter valued at approximately $35,000. Parallel Advisors LLC lifted its stake in TopBuild by 111.5% during the first quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock worth $39,000 after purchasing an additional 68 shares in the last quarter. Rossby Financial LCC acquired a new position in TopBuild during the first quarter worth $50,000. MassMutual Private Wealth & Trust FSB lifted its stake in TopBuild by 240.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 187 shares of the construction company's stock worth $57,000 after purchasing an additional 132 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in TopBuild by 170.1% during the first quarter. Signaturefd LLC now owns 262 shares of the construction company's stock worth $80,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors 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.