Analysts Set TopBuild Corp. (NYSE:BLD) Target Price at $420.90

Shares of TopBuild Corp. (NYSE:BLD) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $420.90.

A number of equities analysts have issued reports on the company. Evercore ISI increased their price target on TopBuild from $469.00 to $527.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Stephens restated an “equal weight” rating and issued a $425.00 target price on shares of TopBuild in a research report on Tuesday, April 23rd. The Goldman Sachs Group raised their target price on TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a research report on Friday, March 1st. StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Finally, Benchmark raised their target price on TopBuild from $450.00 to $470.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th.

Insider Activity at TopBuild

In related news, CFO Robert M. Kuhns sold 540 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total value of $219,526.20. Following the completion of the sale, the chief financial officer now owns 15,928 shares of the company’s stock, valued at $6,475,209.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TopBuild news, CFO Robert M. Kuhns sold 540 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $406.53, for a total transaction of $219,526.20. Following the completion of the sale, the chief financial officer now owns 15,928 shares of the company’s stock, valued at $6,475,209.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert M. Buck sold 5,000 shares of TopBuild stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $403.72, for a total value of $2,018,600.00. Following the completion of the sale, the chief executive officer now directly owns 71,968 shares of the company’s stock, valued at $29,054,920.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,340 shares of company stock valued at $3,407,994. 0.46% of the stock is currently owned by insiders.

Institutional Trading of TopBuild

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in TopBuild in the 1st quarter valued at about $31,000. Contravisory Investment Management Inc. purchased a new position in TopBuild in the 4th quarter valued at approximately $28,000. Principal Securities Inc. purchased a new position in TopBuild in the 4th quarter valued at approximately $28,000. Rise Advisors LLC purchased a new position in TopBuild in the 1st quarter valued at approximately $37,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in TopBuild in the 4th quarter valued at approximately $36,000. 95.67% of the stock is owned by hedge funds and other institutional investors.

TopBuild Stock Down 3.1 %

Shares of BLD opened at $379.45 on Friday. TopBuild has a 52 week low of $217.08 and a 52 week high of $452.87. The company has a quick ratio of 2.33, a current ratio of 2.81 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.80 and a beta of 1.75. The stock’s 50-day moving average price is $404.20 and its 200-day moving average price is $396.10.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.56 by $0.25. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.30 billion. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. TopBuild’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.36 earnings per share. On average, sell-side analysts predict that TopBuild will post 21.63 EPS for the current year.

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.