Brokerages Set TopBuild Corp (NYSE:BLD) Price Target at $83.10

Shares of TopBuild Corp (NYSE:BLD) have received an average recommendation of “Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $81.33.

Several research analysts have recently weighed in on BLD shares. Macquarie raised TopBuild from a “neutral” rating to an “outperform” rating in a research report on Thursday, March 7th. Zelman & Associates cut TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. SunTrust Banks upped their target price on TopBuild to $72.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Buckingham Research upped their target price on TopBuild from $74.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, ValuEngine upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th.

BLD stock opened at $80.55 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.56 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $2.67 billion, a PE ratio of 17.18, a P/E/G ratio of 0.54 and a beta of 0.90. The stock’s 50-day moving average price is $80.63. TopBuild has a fifty-two week low of $41.27 and a fifty-two week high of $86.96.

TopBuild (NYSE:BLD) last posted its quarterly earnings data on Tuesday, May 7th. The construction company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.24. The company had revenue of $619.30 million during the quarter, compared to analysts’ expectations of $599.06 million. TopBuild had a return on equity of 14.81% and a net margin of 5.83%. TopBuild’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. As a group, sell-side analysts anticipate that TopBuild will post 5.1 earnings per share for the current fiscal year.

In related news, CEO Gerald Volas sold 52,206 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $81.16, for a total transaction of $4,237,038.96. Following the sale, the chief executive officer now owns 202,919 shares in the company, valued at $16,468,906.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Buck sold 5,877 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $81.31, for a total value of $477,858.87. Following the completion of the sale, the insider now owns 51,911 shares in the company, valued at approximately $4,220,883.41. The disclosure for this sale can be found here. Insiders have sold 65,583 shares of company stock worth $5,357,878 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in shares of TopBuild by 10.7% in the fourth quarter. Bank of Montreal Can now owns 3,871 shares of the construction company’s stock valued at $175,000 after purchasing an additional 374 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of TopBuild by 86.3% in the fourth quarter. Advisors Asset Management Inc. now owns 1,567 shares of the construction company’s stock valued at $71,000 after purchasing an additional 726 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of TopBuild by 21.4% in the fourth quarter. Rhumbline Advisers now owns 99,553 shares of the construction company’s stock valued at $4,480,000 after purchasing an additional 17,526 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of TopBuild in the fourth quarter valued at approximately $231,000. Finally, Victory Capital Management Inc. grew its holdings in shares of TopBuild by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 6,310 shares of the construction company’s stock valued at $284,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 95.24% of the company’s stock.

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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