TopBuild Corp (NYSE:BLD) Receives $76.50 Average Price Target from Brokerages

Shares of TopBuild Corp (NYSE:BLD) have been given a consensus rating of “Buy” by the nine analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $76.50.

A number of brokerages recently weighed in on BLD. Zelman & Associates raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Buckingham Research raised their target price on shares of TopBuild from $74.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. SunTrust Banks raised their target price on shares of TopBuild to $86.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Nomura reaffirmed a “neutral” rating and issued a $85.00 target price (down from $90.00) on shares of TopBuild in a research note on Thursday, May 16th. Finally, ValuEngine downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st.

In other TopBuild news, CEO Gerald Volas sold 25,445 shares of TopBuild stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $90.04, for a total transaction of $2,291,067.80. Following the transaction, the chief executive officer now directly owns 161,698 shares of the company’s stock, valued at $14,559,287.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert M. Buck sold 6,419 shares of TopBuild stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $88.49, for a total transaction of $568,017.31. Following the transaction, the chief operating officer now directly owns 40,011 shares in the company, valued at $3,540,573.39. The disclosure for this sale can be found here. Insiders have sold 43,442 shares of company stock worth $3,880,229 over the last three months. Insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of BLD. Advisor Group Inc. increased its stake in shares of TopBuild by 70.3% in the second quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock worth $27,000 after buying an additional 135 shares during the period. Pearl River Capital LLC increased its stake in shares of TopBuild by 542.0% in the first quarter. Pearl River Capital LLC now owns 642 shares of the construction company’s stock worth $42,000 after buying an additional 542 shares during the period. Versant Capital Management Inc increased its stake in shares of TopBuild by 685.7% in the first quarter. Versant Capital Management Inc now owns 715 shares of the construction company’s stock worth $46,000 after buying an additional 624 shares during the period. Strs Ohio purchased a new position in shares of TopBuild in the first quarter worth $58,000. Finally, Private Capital Group LLC increased its stake in shares of TopBuild by 253.8% in the second quarter. Private Capital Group LLC now owns 835 shares of the construction company’s stock worth $65,000 after buying an additional 599 shares during the period. 93.96% of the stock is currently owned by institutional investors.

BLD traded up $0.79 on Wednesday, reaching $92.71. The company had a trading volume of 201,300 shares, compared to its average volume of 308,632. The business has a 50 day simple moving average of $85.26 and a 200 day simple moving average of $74.10. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 0.62 and a beta of 0.86. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.31 and a current ratio of 1.63. TopBuild has a 52-week low of $41.27 and a 52-week high of $93.59.

TopBuild (NYSE:BLD) last announced its earnings results on Thursday, August 1st. The construction company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.15. The business had revenue of $660.10 million for the quarter, compared to the consensus estimate of $670.66 million. TopBuild had a net margin of 6.67% and a return on equity of 15.65%. TopBuild’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. As a group, equities research analysts predict that TopBuild will post 5.22 EPS for the current fiscal 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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