Royal Bank Of Canada Begins Coverage on TopBuild (NYSE:BLD)

Investment analysts at Royal Bank Of Canada assumed coverage on shares of TopBuild (NYSE:BLD) in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm set a “sector perform” rating and a $410.00 price target on the construction company’s stock. Royal Bank Of Canada’s target price indicates a potential downside of 0.66% from the stock’s previous close.

Several other research firms also recently issued reports on BLD. Vertical Research started coverage on shares of TopBuild in a research note on Tuesday, October 21st. They set a “buy” rating and a $517.96 price objective for the company. Truist Financial upped their price target on shares of TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. UBS Group set a $370.00 price objective on TopBuild and gave the company a “hold” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group increased their target price on TopBuild from $450.00 to $510.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Finally, Seaport Res Ptn raised TopBuild from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $430.00.

TopBuild Stock Performance

NYSE:BLD opened at $412.72 on Thursday. TopBuild has a fifty-two week low of $266.26 and a fifty-two week high of $461.49. The firm’s 50 day moving average is $419.56 and its two-hundred day moving average is $376.63. The company has a market cap of $11.59 billion, a P/E ratio of 20.95, a P/E/G ratio of 6.87 and a beta of 1.64. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share for the quarter, topping the consensus estimate of $5.22 by $0.14. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company posted $5.68 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. TopBuild has set its FY 2025 guidance at EPS. Analysts expect that TopBuild will post 20.97 EPS for the current year.

Insider Transactions at TopBuild

In other TopBuild news, CFO Robert M. Kuhns sold 1,350 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.47, for a total transaction of $590,584.50. Following the completion of the transaction, the chief financial officer directly owned 14,283 shares of the company’s stock, valued at $6,248,384.01. This trade represents a 8.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BLD. Advisory Services Network LLC bought a new stake in shares of TopBuild during the 3rd quarter valued at about $27,000. Root Financial Partners LLC bought a new stake in shares of TopBuild in the 3rd quarter worth approximately $34,000. SVB Wealth LLC acquired a new position in TopBuild during the 1st quarter valued at approximately $35,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in TopBuild during the 2nd quarter worth $35,000. Finally, MAI Capital Management increased its position in TopBuild by 28.3% in the second quarter. MAI Capital Management now owns 118 shares of the construction company’s stock worth $38,000 after buying an additional 26 shares during the period. 95.67% of the stock is currently owned by institutional investors.

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.