TopBuild (NYSE:BLD - Get Free Report) was upgraded by analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.
BLD has been the subject of a number of other reports. Benchmark increased their target price on shares of TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of TopBuild from $344.00 to $398.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Loop Capital raised their price objective on shares of TopBuild from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Bank of America raised their price objective on shares of TopBuild from $320.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Finally, Evercore ISI raised their price objective on shares of TopBuild from $347.00 to $418.00 and gave the stock an "in-line" rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TopBuild has an average rating of "Moderate Buy" and an average price target of $394.67.
Check Out Our Latest Analysis on BLD
TopBuild Stock Performance
TopBuild stock opened at $403.53 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 1.47 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average of $339.96 and a 200-day moving average of $318.15. The firm has a market cap of $11.54 billion, a P/E ratio of 19.87, a P/E/G ratio of 5.25 and a beta of 1.63. TopBuild has a 1-year low of $266.26 and a 1-year high of $419.87.
TopBuild (NYSE:BLD - Get Free Report) last posted 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 company 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% on a year-over-year basis. During the same period in the prior year, the business posted $5.42 earnings per share. Sell-side analysts expect that TopBuild will post 20.97 EPS for the current year.
Insider Activity
In other news, insider Steven P. Raia sold 1,738 shares of TopBuild stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $310.98, for a total transaction of $540,483.24. Following the completion of the transaction, the insider directly owned 7,007 shares in the company, valued at approximately $2,179,036.86. This trade represents a 19.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.43% of the company's stock.
Hedge Funds Weigh In On TopBuild
Several large investors have recently made changes to their positions in BLD. Federated Hermes Inc. lifted its holdings in shares of TopBuild by 20.2% during the fourth quarter. Federated Hermes Inc. now owns 5,885 shares of the construction company's stock valued at $1,832,000 after purchasing an additional 987 shares during the last quarter. Invesco Ltd. increased its position in shares of TopBuild by 14.6% during the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company's stock valued at $185,353,000 after acquiring an additional 75,713 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of TopBuild during the fourth quarter valued at approximately $6,410,000. F M Investments LLC bought a new stake in shares of TopBuild during the fourth quarter valued at approximately $305,000. Finally, Capital Fund Management S.A. increased its position in shares of TopBuild by 17.3% during the fourth quarter. Capital Fund Management S.A. now owns 30,209 shares of the construction company's stock valued at $9,405,000 after acquiring an additional 4,451 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.
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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