TopBuild (NYSE:BLD) Price Target Raised to $510.00 at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group raised its price target for TopBuild (NYSE:BLD) from $450.00 to $510.00, indicating a potential upside of 19.89% from its last closing price.
• TopBuild recently reported earnings of $5.31 per share, exceeding analysts' expectations, although revenue decreased by 5% year-over-year.
• TopBuild's stock has received a range of ratings from analysts, with one Strong Buy, seven Buy ratings, and five Hold ratings, leading to a consensus target price of $402.91.

TopBuild (NYSE:BLD - Get Free Report) had its target price upped by investment analysts at The Goldman Sachs Group from $450.00 to $510.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. The Goldman Sachs Group's price objective suggests a potential upside of 19.89% from the stock's previous close.

A number of other equities analysts have also recently issued reports on the stock. UBS Group set a $370.00 price objective on shares of TopBuild and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of TopBuild in a research report on Wednesday. Benchmark lifted their target price on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, TopBuild presently has an average rating of "Moderate Buy" and a consensus target price of $402.91.

TopBuild Trading Down 2.5%

TopBuild stock traded down $10.78 during trading hours on Thursday, reaching $425.39. 374,040 shares of the company's stock were exchanged, compared to its average volume of 366,564. The company has a quick ratio of 2.29, a current ratio of 2.83 and a debt-to-equity ratio of 0.86. The firm's 50 day simple moving average is $413.44 and its 200 day simple moving average is $347.74. TopBuild has a twelve month low of $266.26 and a twelve month high of $445.74. The firm has a market capitalization of $11.97 billion, a PE ratio of 20.92, a PEG ratio of 5.31 and a beta of 1.66.

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

Insider Buying and Selling at TopBuild

In other news, insider Jeff M. Krestancic sold 373 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.00, for a total value of $154,795.00. Following the sale, the insider directly owned 4,934 shares in the company, valued at $2,047,610. The trade was a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $3,051,646.50. Following the transaction, the chief executive officer directly owned 73,225 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders have sold 13,663 shares of company stock valued at $5,709,488. Corporate insiders own 0.43% of the company's stock.

Institutional Trading of TopBuild

Large investors have recently made changes to their positions in the business. SVB Wealth LLC purchased a new position in TopBuild during the first quarter valued at $35,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in TopBuild during the second quarter worth approximately $35,000. MAI Capital Management increased its holdings in shares of TopBuild by 28.3% in the 2nd quarter. MAI Capital Management now owns 118 shares of the construction company's stock valued at $38,000 after acquiring an additional 26 shares during the period. Smartleaf Asset Management LLC increased its stake in TopBuild by 100.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 146 shares of the construction company's stock valued at $47,000 after buying an additional 73 shares during the period. Finally, Rossby Financial LCC acquired a new position in shares of TopBuild during the 1st quarter worth $50,000. 95.67% of the stock is owned by hedge funds and other 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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