TopBuild Corp (BLD) Receives $71.17 Average Price Target from Analysts

Shares of TopBuild Corp (NYSE:BLD) have been given a consensus recommendation of “Buy” by the ten research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $71.17.

BLD has been the topic of a number of research reports. Nomura raised shares of TopBuild from a “neutral” rating to a “buy” rating and raised their target price for the stock from $69.00 to $78.00 in a research note on Monday, December 18th. Zacks Investment Research downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Friday, January 12th. ValuEngine downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Jefferies Group began coverage on shares of TopBuild in a report on Tuesday, December 12th. They set a “buy” rating and a $79.00 price target for the company. Finally, SunTrust Banks raised their price target on shares of TopBuild to $82.00 and gave the stock a “reduce” rating in a report on Wednesday, February 28th.

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In other news, insider Robert M. Buck sold 23,112 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $74.12, for a total transaction of $1,713,061.44. Following the completion of the sale, the insider now owns 73,917 shares in the company, valued at approximately $5,478,728.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John S. Peterson sold 6,932 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $75.36, for a total transaction of $522,395.52. Following the sale, the chief financial officer now owns 34,943 shares of the company’s stock, valued at approximately $2,633,304.48. The disclosure for this sale can be found here. Insiders have sold a total of 32,271 shares of company stock valued at $2,405,043 in the last 90 days. Insiders own 1.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of BLD. Rothschild Asset Management Inc. acquired a new stake in TopBuild in the 3rd quarter valued at approximately $30,954,000. Emerald Advisers Inc. PA acquired a new stake in TopBuild in the 4th quarter valued at approximately $12,771,000. Westfield Capital Management Co. LP increased its holdings in TopBuild by 42.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 477,315 shares of the construction company’s stock valued at $31,107,000 after purchasing an additional 141,310 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in TopBuild in the 4th quarter valued at approximately $10,384,000. Finally, Goldman Sachs Group Inc. increased its holdings in TopBuild by 10.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,183,511 shares of the construction company’s stock valued at $89,639,000 after purchasing an additional 110,431 shares during the last quarter. Hedge funds and other institutional investors own 94.76% of the company’s stock.

TopBuild (NYSE BLD) traded up $1.50 on Wednesday, reaching $79.01. 109,212 shares of the company’s stock were exchanged, compared to its average volume of 264,412. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.46 and a quick ratio of 1.08. TopBuild has a twelve month low of $44.02 and a twelve month high of $79.36. The stock has a market cap of $2,754.73, a price-to-earnings ratio of 17.66 and a beta of 0.68.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, February 27th. The construction company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.03. TopBuild had a net margin of 8.30% and a return on equity of 10.65%. The business had revenue of $501.40 million for the quarter, compared to analyst estimates of $491.80 million. During the same period last year, the company posted $0.59 EPS. The business’s revenue was up 12.9% on a year-over-year basis. sell-side analysts forecast that TopBuild will post 3.9 EPS for the current year.

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TopBuild Company Profile

TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.

Analyst Recommendations for TopBuild (NYSE:BLD)

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