TopBuild (NYSE:BLD) Reaches New 12-Month High at $442.58

TopBuild Corp. (NYSE:BLD)’s stock price reached a new 52-week high on Thursday . The company traded as high as $442.58 and last traded at $441.86, with a volume of 38308 shares trading hands. The stock had previously closed at $438.47.

Analyst Upgrades and Downgrades

BLD has been the topic of several analyst reports. Truist Financial downgraded shares of TopBuild from a “buy” rating to a “hold” rating and upped their target price for the stock from $290.00 to $410.00 in a research note on Thursday, January 4th. JPMorgan Chase & Co. raised TopBuild from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $312.00 to $387.00 in a report on Thursday, December 14th. Loop Capital raised TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Benchmark lifted their price objective on TopBuild from $320.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, December 26th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $392.80.

TopBuild Trading Up 0.5 %

The stock has a 50 day moving average of $396.58 and a 200-day moving average of $329.64. The company has a market capitalization of $14.02 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.09 and a beta of 1.66. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share for the quarter, topping analysts’ consensus estimates of $4.60 by $0.09. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. TopBuild had a net margin of 11.82% and a return on equity of 27.03%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.40 earnings per share. On average, research analysts predict that TopBuild Corp. will post 20.86 EPS for the current year.

Institutional Trading of TopBuild

Several institutional investors have recently made changes to their positions in BLD. Contravisory Investment Management Inc. bought a new stake in TopBuild in the 4th quarter valued at $28,000. Principal Securities Inc. purchased a new position in shares of TopBuild during the fourth quarter valued at about $28,000. BluePath Capital Management LLC bought a new stake in shares of TopBuild in the third quarter worth about $30,000. Farther Finance Advisors LLC lifted its position in shares of TopBuild by 107.1% in the second quarter. Farther Finance Advisors LLC now owns 116 shares of the construction company’s stock worth $31,000 after buying an additional 60 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new position in TopBuild during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.