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

Key Points

• TopBuild has received a "hold (C+)" rating from Weiss Ratings, reflecting cautious sentiment towards the stock amidst mixed analyst ratings.
• Despite the hold rating, several analysts have recently issued "buy" ratings with raised price targets, including a notable increase from Goldman Sachs, bringing their target to $510.00.
• TopBuild's latest quarterly earnings report showed an EPS of $5.31, surpassing expectations, but revenue declined 5% year-over-year.

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

A number of other equities analysts have also recently issued reports on BLD. Loop Capital raised their price objective on shares of TopBuild from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group raised their price objective on shares of TopBuild from $450.00 to $510.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of TopBuild from $344.00 to $398.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Benchmark boosted their price objective on shares of TopBuild from $375.00 to $444.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Vertical Research assumed coverage on shares of TopBuild in a research report on Tuesday. They issued a "buy" rating and a $517.96 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, TopBuild has an average rating of "Moderate Buy" and an average price target of $412.50.

TopBuild Price Performance

Shares of TopBuild stock traded up $2.66 during midday trading on Friday, reaching $452.32. The company had a trading volume of 274,728 shares, compared to its average volume of 362,908. The company has a current ratio of 2.83, a quick ratio of 2.29 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 4.64 and a beta of 1.66. The stock has a fifty day simple moving average of $419.61 and a 200 day simple moving average of $357.76. TopBuild has a 1-year low of $266.26 and a 1-year high of $461.49.

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, beating analysts' consensus estimates of $5.07 by $0.24. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. TopBuild had a net margin of 11.40% and a return on equity of 28.32%. TopBuild's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that TopBuild will post 20.97 earnings per share for the current year.

Insider Buying and Selling at TopBuild

In related news, VP Luis Francisco Machado sold 990 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.02, for a total transaction of $410,869.80. Following the completion of the transaction, the vice president directly owned 10,349 shares in the company, valued at $4,295,041.98. This represents a 8.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert M. Buck sold 7,350 shares of the company's stock in a transaction that occurred on 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 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. Insiders have sold a total of 13,663 shares of company stock valued at $5,709,488 over the last quarter. 0.43% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TopBuild

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLD. Boston Partners increased its position in TopBuild by 102.2% in the 2nd quarter. Boston Partners now owns 774,161 shares of the construction company's stock valued at $250,872,000 after acquiring an additional 391,299 shares during the period. Orion Porfolio Solutions LLC increased its position in TopBuild by 7,961.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company's stock valued at $128,119,000 after acquiring an additional 390,838 shares during the period. Norges Bank acquired a new position in TopBuild in the 2nd quarter valued at approximately $110,238,000. Allspring Global Investments Holdings LLC acquired a new position in TopBuild in the 2nd quarter valued at approximately $109,447,000. Finally, New Vernon Capital Holdings II LLC acquired a new stake in shares of TopBuild during the first quarter worth $75,604,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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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