TopBuild Corp. (NYSE:BLD) Given Consensus Rating of “Moderate Buy” by Brokerages

TopBuild Corp. (NYSE:BLD) has received an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $380.22.

BLD has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Loop Capital decreased 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. Truist Financial cut their price target on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. DA Davidson cut 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. Finally, Stephens cut 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.

TopBuild Trading Up 0.3%

Shares of BLD stock opened at $313.01 on Wednesday. The stock has a market cap of $8.95 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.82 and a beta of 1.72. The stock has a 50-day moving average of $297.04 and a 200-day moving average of $325.67. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. TopBuild has a 1-year low of $266.26 and a 1-year high of $495.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, May 6th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.43 by $0.20. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm posted $4.81 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts forecast that TopBuild will post 20.97 earnings per share for the current year.

Insider Activity

In other news, insider Steven P. Raia sold 1,738 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $310.98, for a total value of $540,483.24. Following the transaction, the insider now owns 7,007 shares in the company, valued at $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 available through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Miracle Mile Advisors LLC bought a new stake in TopBuild during the fourth quarter worth $475,000. Assenagon Asset Management S.A. lifted its holdings in TopBuild by 203.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 17,538 shares of the construction company’s stock worth $5,460,000 after acquiring an additional 11,760 shares during the period. Park Avenue Securities LLC lifted its holdings in TopBuild by 22.8% during the fourth quarter. Park Avenue Securities LLC now owns 1,070 shares of the construction company’s stock worth $333,000 after acquiring an additional 199 shares during the period. Burney Co. bought a new stake in TopBuild during the fourth quarter worth $249,000. Finally, Argent Capital Management LLC lifted its holdings in TopBuild by 9.7% during the fourth quarter. Argent Capital Management LLC now owns 13,076 shares of the construction company’s stock worth $4,071,000 after acquiring an additional 1,161 shares during the period. Institutional investors own 95.67% of the company’s stock.

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.