TopBuild Corp (BLD) Receives $90.11 Consensus Price Target from Analysts

TopBuild Corp (NYSE:BLD) has earned an average rating of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $90.11.

Several equities research analysts recently issued reports on the stock. Macquarie cut their target price on shares of TopBuild from $83.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, September 6th. ValuEngine downgraded shares of TopBuild from a “hold” rating to a “sell” rating in a research note on Thursday, August 30th. KeyCorp set a $81.00 target price on shares of TopBuild and gave the company a “buy” rating in a research note on Monday, August 27th. Stephens reiterated a “buy” rating and issued a $87.00 target price on shares of TopBuild in a research note on Thursday, August 16th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $94.00 target price on shares of TopBuild in a research note on Sunday, August 12th.

In other TopBuild news, VP John S. Peterson sold 1,887 shares of the stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $77.28, for a total value of $145,827.36. Following the transaction, the vice president now directly owns 33,927 shares of the company’s stock, valued at approximately $2,621,878.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Buck sold 17,766 shares of the stock in a transaction dated 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 directly owns 62,696 shares in the company, valued at $4,852,670.40. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can increased its holdings in shares of TopBuild by 1.3% during the first quarter. Great West Life Assurance Co. Can now owns 46,354 shares of the construction company’s stock worth $3,548,000 after purchasing an additional 609 shares during the period. Mason Street Advisors LLC increased its holdings in shares of TopBuild by 6.7% during the first quarter. Mason Street Advisors LLC now owns 9,860 shares of the construction company’s stock worth $754,000 after purchasing an additional 616 shares during the period. Stifel Financial Corp increased its holdings in shares of TopBuild by 24.8% during the first quarter. Stifel Financial Corp now owns 3,352 shares of the construction company’s stock worth $258,000 after purchasing an additional 666 shares during the period. Piedmont Investment Advisors LLC increased its holdings in shares of TopBuild by 9.3% during the second quarter. Piedmont Investment Advisors LLC now owns 8,306 shares of the construction company’s stock worth $651,000 after purchasing an additional 710 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of TopBuild by 14.1% during the second quarter. Amalgamated Bank now owns 5,791 shares of the construction company’s stock worth $454,000 after purchasing an additional 716 shares during the period. 95.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:BLD opened at $61.62 on Friday. TopBuild has a 52-week low of $60.32 and a 52-week high of $87.21. The stock has a market capitalization of $2.19 billion, a P/E ratio of 22.17 and a beta of 0.36. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.56 and a quick ratio of 1.18.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, August 7th. The construction company reported $1.03 earnings per share (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 business had revenue of $605.97 million during the quarter, compared to the consensus estimate of $594.43 million. sell-side analysts expect that TopBuild will post 4.19 EPS for the current year.

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.

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Analyst Recommendations for TopBuild (NYSE:BLD)

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