Brokerages Set TopBuild Corp. (NYSE:BLD) Target Price at $437.06

Shares of TopBuild Corp. (NYSE:BLD) have received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $437.0640.

Several equities research analysts recently issued reports on BLD shares. Jefferies Financial Group increased their price objective on TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Evercore ISI dropped their target price on TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Royal Bank Of Canada began coverage on shares of TopBuild in a research report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target for the company. Benchmark boosted their price objective on shares of TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of TopBuild in a research report on Wednesday, October 8th.

TopBuild Stock Up 1.0%

BLD stock opened at $432.39 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The firm has a market capitalization of $12.14 billion, a P/E ratio of 21.95, a P/E/G ratio of 7.20 and a beta of 1.67. TopBuild has a 52-week low of $266.26 and a 52-week high of $461.49. The company’s 50 day simple moving average is $432.32 and its 200-day simple moving average is $403.76.

TopBuild (NYSE:BLD) last posted its quarterly earnings data 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. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.68 EPS. As a group, equities research analysts anticipate that TopBuild will post 20.97 EPS for the current year.

Insider Buying and Selling

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the sale, the vice president directly owned 9,349 shares of the company’s stock, valued at $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AIA Group Ltd bought a new position in shares of TopBuild in the 3rd quarter valued at approximately $768,000. Lindenwold Advisors INC acquired a new position in TopBuild during the third quarter valued at approximately $350,000. Mirabella Financial Services LLP raised its position in shares of TopBuild by 160.9% in the third quarter. Mirabella Financial Services LLP now owns 5,747 shares of the construction company’s stock valued at $2,242,000 after purchasing an additional 3,544 shares during the period. Tudor Investment Corp ET AL raised its position in shares of TopBuild by 1,058.1% in the third quarter. Tudor Investment Corp ET AL now owns 9,265 shares of the construction company’s stock valued at $3,621,000 after purchasing an additional 8,465 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its stake in shares of TopBuild by 7.4% in the third quarter. Swiss Life Asset Management Ltd now owns 8,580 shares of the construction company’s stock worth $3,354,000 after buying an additional 588 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.