TopBuild (NYSE:BLD) Sets New 1-Year High - What's Next?

Key Points

• TopBuild Corp. (NYSE:BLD) achieved a new 52-week high of $453.05 during trading, indicating strong market performance.
• Analysts have raised their price targets for TopBuild, with a consensus target of $412.50, indicating a positive outlook for the stock.
• The company's latest earnings report revealed $5.31 earnings per share, surpassing analysts' expectations and showing a year-over-year revenue decline of 5.0%.

Shares of TopBuild Corp. (NYSE:BLD - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $450.00 and last traded at $453.05, with a volume of 30381 shares changing hands. The stock had previously closed at $440.68.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Bank of America upped their price target on shares of TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Loop Capital raised their target price on TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Truist Financial boosted their price objective on shares of TopBuild from $370.00 to $390.00 and gave the company a "hold" rating in a research report on Thursday, October 9th. Finally, Seaport Res Ptn upgraded shares of TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $412.50.

TopBuild Trading Up 3.0%

The company's fifty day moving average is $419.00 and its 200-day moving average is $355.38. 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 firm has a market capitalization of $12.78 billion, a P/E ratio of 22.34, a P/E/G ratio of 4.55 and a beta of 1.66.

TopBuild (NYSE:BLD - Get Free Report) last released its 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. The firm 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%. The business's revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.42 EPS. TopBuild has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert M. Buck sold 7,350 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $415.19, for a total transaction of $3,051,646.50. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeff M. Krestancic sold 373 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total value of $154,795.00. Following the completion of the transaction, the insider directly owned 4,934 shares of the company's stock, valued at approximately $2,047,610. This trade represents a 7.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,663 shares of company stock valued at $5,709,488 in the last three months. 0.43% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TopBuild

Hedge funds have recently made changes to their positions in the business. Boston Partners increased its stake in TopBuild by 102.2% in the second 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 grew its stake in TopBuild by 7,961.7% during the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company's stock worth $128,119,000 after buying an additional 390,838 shares during the last quarter. Norges Bank acquired a new stake in shares of TopBuild during the second quarter worth approximately $110,238,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild during the second quarter worth approximately $109,447,000. Finally, New Vernon Capital Holdings II LLC bought a new position in shares of TopBuild in the first quarter valued at approximately $75,604,000. 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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