TopBuild (NYSE:BLD) Stock Price Up 6.3% – Time to Buy?

TopBuild Corp. (NYSE:BLD)’s share price rose 6.3% during trading on Tuesday . The company traded as high as $384.86 and last traded at $384.86. Approximately 37,391 shares were traded during trading, a decline of 87% from the average daily volume of 283,833 shares. The stock had previously closed at $362.13.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore ISI upped their price objective on TopBuild from $489.00 to $491.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Stephens cut their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Jefferies Financial Group decreased their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, Truist Financial decreased their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $446.89.

TopBuild Stock Up 2.3 %

The firm’s 50 day simple moving average is $386.22 and its 200-day simple moving average is $399.74. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.21 and a beta of 1.79.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a net margin of 11.74% and a return on equity of 25.72%. TopBuild’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.25 EPS. Equities analysts expect that TopBuild Corp. will post 21.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in TopBuild in the 2nd quarter valued at $30,000. Allspring Global Investments Holdings LLC acquired a new position in shares of TopBuild in the first quarter valued at $31,000. Kennebec Savings Bank bought a new position in shares of TopBuild in the third quarter valued at about $45,000. UMB Bank n.a. boosted its holdings in shares of TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after buying an additional 62 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of TopBuild during the 1st quarter worth about $56,000. Institutional investors own 95.67% of the company’s stock.

About TopBuild

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.