TopBuild (NYSE:BLD) has been given a $100.00 price objective by analysts at Nomura in a report issued on Tuesday. The brokerage currently has a “buy” rating on the construction company’s stock. Nomura’s price objective indicates a potential upside of 24.88% from the company’s previous close.
BLD has been the topic of several other reports. Zacks Investment Research downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. SunTrust Banks increased their target price on shares of TopBuild to $82.00 and gave the stock a “reduce” rating in a research report on Wednesday, February 28th. ValuEngine raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Jefferies Group began coverage on shares of TopBuild in a research report on Tuesday, December 12th. They set a “buy” rating and a $79.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $72.57.
TopBuild (NYSE:BLD) opened at $80.08 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 0.23. The company has a market cap of $2,821.19, a price-to-earnings ratio of 18.24 and a beta of 0.68. TopBuild has a 1 year low of $44.02 and a 1 year high of $81.17.
In other TopBuild news, VP Paul Joachimczyk sold 2,227 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $76.15, for a total transaction of $169,586.05. Following the completion of the sale, the vice president now directly owns 7,699 shares in the company, valued at $586,278.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Buck sold 23,112 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 73,917 shares of the company’s stock, valued at $5,478,728.04. The disclosure for this sale can be found here. Insiders have sold 32,271 shares of company stock valued at $2,405,043 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Delpha Capital Management LLC bought a new stake in TopBuild during the fourth quarter valued at about $144,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in TopBuild by 53.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,052 shares of the construction company’s stock valued at $155,000 after acquiring an additional 719 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in TopBuild by 148.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,113 shares of the construction company’s stock valued at $161,000 after acquiring an additional 1,261 shares during the period. Meeder Asset Management Inc. boosted its holdings in TopBuild by 99.6% during the fourth quarter. Meeder Asset Management Inc. now owns 2,309 shares of the construction company’s stock valued at $176,000 after acquiring an additional 1,152 shares during the period. Finally, Everence Capital Management Inc. bought a new stake in TopBuild during the fourth quarter valued at about $205,000. Institutional investors own 94.76% of the company’s stock.
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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.
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