TopBuild Corp (BLD) Receives Average Rating of “Buy” from Analysts

TopBuild Corp (NYSE:BLD) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $90.11.

Several equities research analysts have commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $98.00 target price on shares of TopBuild in a research note on Friday, July 20th. Evercore ISI initiated coverage on shares of TopBuild in a research note on Thursday, June 28th. They issued an “outperform” rating and a $95.00 target price for the company. MKM Partners initiated coverage on shares of TopBuild in a report on Wednesday, June 27th. They issued a “buy” rating and a $99.00 price target for the company. Seaport Global Securities reiterated a “buy” rating and issued a $94.00 price target on shares of TopBuild in a report on Sunday, August 12th. Finally, ValuEngine cut shares of TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th.

NYSE:BLD traded down $0.48 during trading hours on Friday, hitting $61.83. The stock had a trading volume of 563,680 shares, compared to its average volume of 410,428. TopBuild has a one year low of $60.11 and a one year high of $87.21. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.18 and a current ratio of 1.56. The company has a market capitalization of $2.20 billion, a PE ratio of 22.24 and a beta of 0.36.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 7th. The construction company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.08. TopBuild had a net margin of 9.10% and a return on equity of 12.42%. The firm had revenue of $605.97 million during the quarter, compared to the consensus estimate of $594.43 million. sell-side analysts forecast that TopBuild will post 4.19 earnings per share for the current year.

In other news, VP John S. Peterson sold 1,887 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $77.28, for a total value of $145,827.36. Following the completion of the transaction, the vice president now owns 33,927 shares in the company, valued at $2,621,878.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert M. Buck sold 17,766 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $77.40, for a total transaction of $1,375,088.40. Following the completion of the transaction, the insider now owns 62,696 shares of the company’s stock, valued at approximately $4,852,670.40. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in TopBuild by 4.8% during the second quarter. BlackRock Inc. now owns 5,314,739 shares of the construction company’s stock worth $416,356,000 after purchasing an additional 244,583 shares during the last quarter. Investec Asset Management LTD acquired a new stake in TopBuild in the second quarter valued at $68,649,000. Victory Capital Management Inc. acquired a new stake in TopBuild in the second quarter valued at $67,350,000. Westfield Capital Management Co. LP lifted its stake in TopBuild by 35.7% in the first quarter. Westfield Capital Management Co. LP now owns 622,893 shares of the construction company’s stock valued at $47,664,000 after acquiring an additional 163,768 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in TopBuild by 9.9% in the second quarter. Northern Trust Corp now owns 544,950 shares of the construction company’s stock valued at $42,691,000 after acquiring an additional 49,153 shares during the last quarter. Institutional investors and hedge funds own 95.88% of the company’s stock.

About TopBuild

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company operates in two segments, Installation and Distribution. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

See Also: Momentum Indicator: Relative Strength Index

Analyst Recommendations for TopBuild (NYSE:BLD)

Receive News & Ratings for TopBuild Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TopBuild and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply