TopBuild Corp. (NYSE:BLD - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $343.69, but opened at $357.80. TopBuild shares last traded at $349.77, with a volume of 61,366 shares.
Analyst Ratings Changes
Several brokerages have commented on BLD. Loop Capital lowered their target price on TopBuild from $370.00 to $360.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on TopBuild in a research note on Tuesday, April 1st. They set a "buy" rating and a $356.00 target price for the company. Stephens reduced their price target on TopBuild from $340.00 to $320.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, DA Davidson reduced their price target on TopBuild from $435.00 to $395.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $380.22.
Check Out Our Latest Report on BLD
TopBuild Price Performance
The stock has a market capitalization of $10.16 billion, a P/E ratio of 18.09, a PEG ratio of 3.49 and a beta of 1.64. The business has a fifty day simple moving average of $303.15 and a 200-day simple moving average of $309.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.47 and a current ratio of 2.02.
TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.43 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. TopBuild had a return on equity of 28.52% and a net margin of 11.23%. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.81 EPS. Sell-side analysts expect that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.
Insider Activity
In other TopBuild news, insider Steven P. Raia sold 1,738 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total transaction of $540,483.24. Following the transaction, the insider directly owned 7,007 shares in the company, valued at approximately $2,179,036.86. This represents a 19.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company's stock.
Hedge Funds Weigh In On TopBuild
Institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. raised its position in shares of TopBuild by 3.8% during the first quarter. QRG Capital Management Inc. now owns 1,311 shares of the construction company's stock worth $400,000 after purchasing an additional 48 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of TopBuild by 3.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 19,887 shares of the construction company's stock worth $6,192,000 after purchasing an additional 637 shares during the period. Algert Global LLC raised its position in shares of TopBuild by 69.7% during the fourth quarter. Algert Global LLC now owns 7,031 shares of the construction company's stock worth $2,189,000 after purchasing an additional 2,887 shares during the period. Two Sigma Investments LP raised its position in shares of TopBuild by 192.7% during the fourth quarter. Two Sigma Investments LP now owns 17,367 shares of the construction company's stock worth $5,407,000 after purchasing an additional 11,434 shares during the period. Finally, Ausbil Investment Management Ltd acquired a new position in shares of TopBuild during the first quarter worth approximately $269,000. 95.67% of the stock is owned by institutional investors and hedge funds.
About TopBuild
(
Get Free Report)
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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