TopBuild (NYSE:BLD) Hits New 1-Year High – Here’s Why

TopBuild Corp. (NYSE:BLD)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $559.47 and last traded at $544.75, with a volume of 267190 shares changing hands. The stock had previously closed at $550.90.

Analysts Set New Price Targets

BLD has been the topic of several recent research reports. Evercore reduced their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 5th. Vertical Research initiated coverage on shares of TopBuild in a research note on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target on the stock. Royal Bank Of Canada initiated coverage on TopBuild in a research note on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and set a $485.00 price target on shares of TopBuild in a research report on Wednesday, December 10th. Finally, Weiss Ratings upgraded shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $443.73.

TopBuild Price Performance

The stock has a market cap of $15.29 billion, a P/E ratio of 27.65, a P/E/G ratio of 9.04 and a beta of 1.70. The company’s 50 day moving average price is $469.27 and its 200-day moving average price is $439.66. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26.

Insider Buying and Selling

In related news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the transaction, the vice president owned 9,349 shares in the company, valued at $4,210,789.60. The trade was a 9.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Inscription Capital LLC boosted its position in shares of TopBuild by 104.6% during the third quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock valued at $1,153,000 after buying an additional 1,508 shares during the last quarter. Calamos Advisors LLC purchased a new stake in shares of TopBuild during the 3rd quarter worth approximately $997,000. WCM Investment Management LLC bought a new stake in shares of TopBuild in the third quarter valued at $17,734,000. Campbell & CO Investment Adviser LLC lifted its holdings in TopBuild by 697.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock valued at $3,090,000 after purchasing an additional 6,915 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in shares of TopBuild by 10.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 302,416 shares of the construction company’s stock valued at $97,904,000 after buying an additional 27,898 shares in the last quarter. 95.67% of the stock is owned by institutional investors.

TopBuild Company Profile

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.