Truist Financial Forecasts Strong Price Appreciation for TopBuild (NYSE:BLD) Stock

Key Points

• Truist Financial raised its price target for TopBuild stock from $370.00 to $390.00 while maintaining a "hold" rating, indicating a potential downside of 8.20% from the current price.
• TopBuild reported earnings of $5.31 per share for the last quarter, exceeding estimates, though its revenue decreased by 5% year-over-year.
• Research analysts have mixed ratings for TopBuild, with one "Strong Buy," seven "Buy," and five "Hold" ratings, resulting in a consensus rating of "Moderate Buy."

TopBuild (NYSE:BLD - Get Free Report) had its price objective increased by Truist Financial from $370.00 to $390.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a "hold" rating on the construction company's stock. Truist Financial's price target indicates a potential downside of 8.20% from the stock's current price.

Several other research analysts have also commented on BLD. UBS Group set a $370.00 price target on TopBuild and gave the stock a "hold" rating in a research report on Tuesday, August 5th. Benchmark lifted their price target on TopBuild from $375.00 to $444.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Evercore ISI set a $449.00 price target on TopBuild in a research report on Thursday. Seaport Res Ptn upgraded TopBuild from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Finally, Bank of America boosted their target price on TopBuild from $320.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $393.82.

TopBuild Trading Down 2.6%

BLD traded down $11.32 on Thursday, hitting $424.85. The company had a trading volume of 100,863 shares, compared to its average volume of 365,017. The company has a market cap of $11.96 billion, a PE ratio of 20.92, a PEG ratio of 5.31 and a beta of 1.66. TopBuild has a 12-month low of $266.26 and a 12-month 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 business's fifty day simple moving average is $413.44 and its 200 day simple moving average is $347.74.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The construction company reported $5.31 EPS for the quarter, topping the consensus estimate 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 return on equity of 28.32% and a net margin of 11.40%.The firm's revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the business posted $5.42 earnings per share. TopBuild has set its FY 2025 guidance at EPS. Equities research analysts expect that TopBuild will post 20.97 EPS for the current year.

Insider Activity at TopBuild

In other news, VP Luis Francisco Machado sold 990 shares of TopBuild 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 sale, the vice president owned 10,349 shares of the company's stock, valued at approximately $4,295,041.98. The trade was a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeff M. Krestancic sold 373 shares of TopBuild stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $415.00, for a total transaction of $154,795.00. Following the sale, the insider directly owned 4,934 shares of the company's stock, valued at $2,047,610. This represents a 7.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,663 shares of company stock worth $5,709,488. Insiders own 0.43% of the company's stock.

Institutional Trading of TopBuild

Institutional investors and hedge funds have recently modified their holdings of the stock. Ausbil Investment Management Ltd lifted its holdings in TopBuild by 252.3% during the third quarter. Ausbil Investment Management Ltd now owns 6,000 shares of the construction company's stock worth $2,365,000 after buying an additional 4,297 shares during the period. Oak Thistle LLC purchased a new stake in shares of TopBuild during the 3rd quarter worth $1,855,000. Aaron Wealth Advisors LLC purchased a new stake in shares of TopBuild during the 3rd quarter worth $315,000. GAMMA Investing LLC boosted its position in TopBuild by 48.0% during the third quarter. GAMMA Investing LLC now owns 706 shares of the construction company's stock valued at $276,000 after purchasing an additional 229 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in TopBuild by 6.4% in the second quarter. Corient Private Wealth LLC now owns 7,874 shares of the construction company's stock valued at $2,549,000 after purchasing an additional 474 shares during the last quarter. Institutional investors 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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