TopBuild (NYSE:BLD) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• TopBuild's stock has been assigned a "hold (C+)" rating by Weiss Ratings, despite several other brokerages issuing buy ratings and boosting their price targets for the stock significantly.
• The company's latest earnings report shows a decrease of 5.0% in revenue year-over-year, with earnings per share of $5.31, surpassing the consensus estimate.
• Insiders have sold a total of 13,663 shares of TopBuild stock over the past 90 days, with CFO Robert Kuhns and VP Luis Francisco Machado both reducing their holdings.

TopBuild (NYSE:BLD - Get Free Report)'s stock had its "hold (c+)" rating reissued by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also issued reports on BLD. Loop Capital boosted their price target on TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Bank of America raised their target price on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Benchmark raised their target price on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Seaport Res Ptn raised shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, TopBuild has a consensus rating of "Moderate Buy" and an average price target of $395.17.

TopBuild Stock Performance

NYSE:BLD traded up $39.74 during mid-day trading on Wednesday, hitting $435.98. 842,963 shares of the company traded hands, compared to its average volume of 349,747. The stock's fifty day moving average price is $413.44 and its 200-day moving average price is $347.74. TopBuild has a one year low of $266.26 and a one year high of $445.74. 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 has a market cap of $12.27 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 5.31 and a beta of 1.66.

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

Insiders Place Their Bets

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total value of $590,584.50. Following the completion of the transaction, the chief financial officer owned 14,283 shares in the company, valued at $6,248,384.01. This represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Luis Francisco Machado sold 990 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $415.02, for a total transaction of $410,869.80. Following the sale, the vice president owned 10,349 shares of the company's stock, valued at $4,295,041.98. This trade represents a 8.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,663 shares of company stock worth $5,709,488 over the last 90 days. Insiders own 0.43% of the company's stock.

Institutional Investors Weigh In On TopBuild

A number of hedge funds have recently added to or reduced their stakes in BLD. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of TopBuild during the 2nd quarter worth approximately $35,000. SVB Wealth LLC acquired a new position in TopBuild in the 1st quarter worth $35,000. MAI Capital Management raised its stake 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 purchasing an additional 26 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of 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 buying an additional 73 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of TopBuild during the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 95.67% of the company's stock.

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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