TopBuild (NYSE:BLD) Sets New 12-Month High at $102.00

TopBuild Corp (NYSE:BLD) shares reached a new 52-week high on Thursday . The company traded as high as $102.00 and last traded at $101.89, with a volume of 19998 shares. The stock had previously closed at $100.35.

BLD has been the subject of a number of recent research reports. Zacks Investment Research downgraded TopBuild from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Zelman & Associates raised TopBuild from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Finally, SunTrust Banks raised their price target on TopBuild to $86.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. TopBuild has an average rating of “Buy” and a consensus price target of $87.20.

The stock has a 50 day moving average price of $94.87 and a two-hundred day moving average price of $83.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.31 and a current ratio of 1.63. The company has a market capitalization of $3.41 billion, a PE ratio of 24.25, a P/E/G ratio of 0.68 and a beta of 0.81.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Thursday, August 1st. The construction company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.15. TopBuild had a return on equity of 15.65% and a net margin of 6.67%. The business had revenue of $660.10 million for the quarter, compared to the consensus estimate of $670.66 million. During the same period last year, the business earned $1.06 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that TopBuild Corp will post 5.24 earnings per share for the current year.

In related news, VP David Cushen sold 8,254 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $88.47, for a total value of $730,231.38. Following the transaction, the vice president now directly owns 11,984 shares of the company’s stock, valued at approximately $1,060,224.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerald Volas sold 25,445 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $90.04, for a total value of $2,291,067.80. Following the completion of the transaction, the chief executive officer now directly owns 161,698 shares in the company, valued at $14,559,287.92. The disclosure for this sale can be found here. Insiders sold a total of 43,541 shares of company stock worth $3,889,352 over the last three months. 2.30% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Advisor Group Inc. raised its stake in shares of TopBuild by 70.3% in the 2nd quarter. Advisor Group Inc. now owns 327 shares of the construction company’s stock valued at $27,000 after acquiring an additional 135 shares in the last quarter. Winslow Evans & Crocker Inc. increased its position in TopBuild by 1,071.4% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 328 shares of the construction company’s stock worth $32,000 after buying an additional 300 shares during the period. Private Capital Group LLC increased its position in TopBuild by 253.8% in the 2nd 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. Royal Bank of Canada increased its position in TopBuild by 38.6% in the 2nd quarter. Royal Bank of Canada now owns 805 shares of the construction company’s stock worth $66,000 after buying an additional 224 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in TopBuild in the 2nd quarter worth approximately $74,000. 95.04% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Company Profile (NYSE:BLD)

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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