TopBuild (NYSE:BLD) Rating Increased to Strong-Buy at Vertical Research

Key Points

• TopBuild has been upgraded to a "strong-buy" rating by Vertical Research, reflecting increased confidence in the company's stock performance.
• Several analysts have raised their price targets for TopBuild, with Goldman Sachs increasing their target from $450 to $510, while others maintain a mix of buy and hold ratings.
• TopBuild reported a quarterly earnings EPS of $5.31, surpassing analysts' expectations, although revenue was down by 5.0% year-over-year.

TopBuild (NYSE:BLD - Get Free Report) was upgraded by stock analysts at Vertical Research to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of TopBuild in a research report on Wednesday, October 8th. Truist Financial lifted their price objective on TopBuild from $370.00 to $390.00 and gave the stock a "hold" rating in a research report on Thursday, October 9th. Loop Capital lifted their price objective on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. The Goldman Sachs Group raised their target price on TopBuild from $450.00 to $510.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Finally, Seaport Res Ptn upgraded TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $412.50.

TopBuild Stock Performance

Shares of TopBuild stock opened at $443.23 on Tuesday. TopBuild has a one year low of $266.26 and a one year high of $456.21. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 4.69 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 business's 50 day moving average price is $419.39 and its 200 day moving average price is $356.63.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The construction company reported $5.31 EPS 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 for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the business posted $5.42 earnings per share. The firm's revenue was down 5.0% compared to the same quarter last year. TopBuild has set its FY 2025 guidance at EPS. On average, research analysts predict that TopBuild will post 20.97 EPS for the current year.

Insiders Place Their Bets

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of TopBuild stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $437.47, for a total value of $590,584.50. Following the sale, the chief financial officer owned 14,283 shares in the company, valued at $6,248,384.01. The trade was a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Luis Francisco Machado sold 990 shares of TopBuild stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total value of $410,869.80. Following the completion of the sale, the vice president directly owned 10,349 shares of the company's stock, valued at $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. Insiders have sold 13,663 shares of company stock worth $5,709,488 over the last ninety days. Company insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On TopBuild

A number of institutional investors have recently modified their holdings of BLD. GAMMA Investing LLC grew its stake in shares of TopBuild by 450.0% in the first quarter. GAMMA Investing LLC now owns 495 shares of the construction company's stock valued at $151,000 after buying an additional 405 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of TopBuild by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 3,436 shares of the construction company's stock valued at $1,047,000 after buying an additional 90 shares in the last quarter. Tyche Wealth Partners LLC acquired a new stake in shares of TopBuild in the first quarter valued at $212,000. Summit Trail Advisors LLC acquired a new stake in shares of TopBuild in the first quarter valued at $728,000. Finally, Rossby Financial LCC acquired a new stake in shares of TopBuild in the first quarter valued at $50,000. 95.67% of the stock is owned by institutional investors and hedge funds.

About TopBuild

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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