TopBuild (NYSE:BLD) Shares Up 9.6% – Should You Buy?

TopBuild Corp. (NYSE:BLD)’s stock price was up 9.6% during trading on Monday . The stock traded as high as $409.90 and last traded at $408.72. Approximately 209,268 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 287,556 shares. The stock had previously closed at $373.05.

Analysts Set New Price Targets

BLD has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. 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 report on Thursday, August 8th. Evercore ISI decreased their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. DA Davidson cut their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, Truist Financial lowered their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $440.44.

TopBuild Stock Up 0.5 %

The stock has a market cap of $11.51 billion, a P/E ratio of 19.60, a PEG ratio of 2.56 and a beta of 1.79. The stock’s fifty day simple moving average is $382.34 and its 200-day simple moving average is $395.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $5.43 EPS. On average, research analysts anticipate that TopBuild Corp. will post 20.99 earnings per share for the current year.

Institutional Trading of TopBuild

Several large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its stake in TopBuild by 0.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after buying an additional 23 shares during the period. Andina Capital Management LLC boosted its holdings in shares of TopBuild by 3.2% in the second quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock valued at $335,000 after acquiring an additional 27 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock valued at $342,000 after acquiring an additional 30 shares during the period. Fifth Third Bancorp raised its holdings in TopBuild by 10.3% during the second quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock worth $128,000 after purchasing an additional 31 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its position in TopBuild by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after purchasing an additional 31 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.

TopBuild Company Profile

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.