TopBuild (NYSE:BLD) Research Coverage Started at Bank of America

Bank of America assumed coverage on shares of TopBuild (NYSE:BLD – Get Rating) in a research note published on Tuesday morning, The Fly reports. The brokerage issued a buy rating and a $225.00 price objective on the construction company’s stock.

BLD has been the subject of a number of other reports. StockNews.com assumed coverage on TopBuild in a research note on Thursday, May 18th. They set a buy rating for the company. KeyCorp upped their price target on TopBuild from $205.00 to $225.00 and gave the stock an overweight rating in a report on Wednesday, February 8th. Stephens upped their price target on TopBuild from $230.00 to $250.00 in a report on Monday, May 8th. Finally, Loop Capital upped their price target on TopBuild from $210.00 to $225.00 in a report on Friday, May 5th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, TopBuild currently has an average rating of Moderate Buy and a consensus price target of $226.00.

TopBuild Stock Down 2.0 %

TopBuild stock opened at $205.44 on Tuesday. TopBuild has a fifty-two week low of $140.66 and a fifty-two week high of $227.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.58 and a current ratio of 2.15. The company has a market capitalization of $6.52 billion, a P/E ratio of 11.43 and a beta of 1.50. The stock has a 50-day simple moving average of $205.67 and a 200-day simple moving average of $186.42.

TopBuild (NYSE:BLD – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The construction company reported $4.36 EPS for the quarter, beating the consensus estimate of $4.06 by $0.30. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. TopBuild had a return on equity of 30.52% and a net margin of 11.31%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 EPS. Equities research analysts expect that TopBuild will post 15.71 earnings per share for the current year.

Insider Buying and Selling at TopBuild

In other news, Director Tina Donikowski sold 1,480 shares of TopBuild stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $212.13, for a total transaction of $313,952.40. Following the sale, the director now owns 4,400 shares of the company’s stock, valued at $933,372. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other TopBuild news, insider Steven P. Raia sold 6,223 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $213.00, for a total value of $1,325,499.00. Following the transaction, the insider now owns 14,670 shares of the company’s stock, valued at $3,124,710. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tina Donikowski sold 1,480 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $212.13, for a total value of $313,952.40. Following the completion of the transaction, the director now directly owns 4,400 shares in the company, valued at approximately $933,372. The disclosure for this sale can be found here. Insiders sold a total of 8,703 shares of company stock worth $1,852,421 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Hedge Funds Weigh In On TopBuild

Hedge funds have recently modified their holdings of the stock. Ronald Blue Trust Inc. boosted its holdings in TopBuild by 122.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 151 shares of the construction company’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in TopBuild by 167.1% in the first quarter. Belpointe Asset Management LLC now owns 211 shares of the construction company’s stock worth $44,000 after purchasing an additional 132 shares in the last quarter. Fifth Third Bancorp boosted its holdings in TopBuild by 85.9% in the first quarter. Fifth Third Bancorp now owns 264 shares of the construction company’s stock worth $55,000 after purchasing an additional 122 shares in the last quarter. Covestor Ltd boosted its holdings in TopBuild by 118.0% in the first quarter. Covestor Ltd now owns 279 shares of the construction company’s stock worth $51,000 after purchasing an additional 151 shares in the last quarter. Finally, CWM LLC boosted its holdings in TopBuild by 68.2% in the fourth quarter. CWM LLC now owns 375 shares of the construction company’s stock worth $59,000 after purchasing an additional 152 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

TopBuild Company Profile

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TopBuild Corp. engages in the installation and distribution of insulation products and other building products to the U.S. and Canadian construction industry. It operates through the following segments: Installation, Specialty Distribution, and Corporate. The Installation segment provides insulation installation services nationwide through its TruTeam contractor services and business branches located in the U.S.