TopBuild Corp. (NYSE:BLD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of TopBuild Corp. (NYSE:BLD) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $439.7307.

A number of equities research analysts recently commented on BLD shares. Truist Financial increased their price target on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. The Goldman Sachs Group boosted their price objective on TopBuild from $450.00 to $510.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings lowered TopBuild from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada started coverage on TopBuild in a report on Thursday, November 20th. They issued a “sector perform” rating and a $410.00 price target for the company. Finally, Vertical Research initiated coverage on shares of TopBuild in a report on Tuesday, October 21st. They set a “buy” rating and a $517.96 price objective on the stock.

Insider Activity at TopBuild

In related news, VP Luis Francisco Machado sold 1,000 shares of the firm’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 owned 9,349 shares of the company’s stock, valued at $4,210,789.60. This trade represents a 9.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Inscription Capital LLC increased its position in TopBuild by 104.6% in the third quarter. Inscription Capital LLC now owns 2,949 shares of the construction company’s stock worth $1,153,000 after purchasing an additional 1,508 shares during the period. Calamos Advisors LLC bought a new position in shares of TopBuild in the 3rd quarter valued at about $997,000. Campbell & CO Investment Adviser LLC grew its position in shares of TopBuild by 697.8% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 7,906 shares of the construction company’s stock worth $3,090,000 after buying an additional 6,915 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of TopBuild by 10.2% during the second quarter. Westwood Holdings Group Inc. now owns 302,416 shares of the construction company’s stock worth $97,904,000 after buying an additional 27,898 shares during the last quarter. Finally, Liontrust Investment Partners LLP lifted its holdings in TopBuild by 24.8% in the second quarter. Liontrust Investment Partners LLP now owns 376,396 shares of the construction company’s stock valued at $121,854,000 after buying an additional 74,695 shares during the period. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Trading Down 0.9%

Shares of BLD stock opened at $487.99 on Monday. The company has a market capitalization of $13.70 billion, a P/E ratio of 24.77, a P/E/G ratio of 8.06 and a beta of 1.68. TopBuild has a 12-month low of $266.26 and a 12-month high of $509.36. The company has a quick ratio of 2.45, a current ratio of 2.90 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $444.22 and a 200 day moving average price of $423.51.

TopBuild (NYSE:BLD) last issued 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. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm earned $5.68 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

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.