TopBuild (NYSE:BLD) Trading 9.6% Higher – What’s Next?

TopBuild Corp. (NYSE:BLD) shares were up 9.6% during mid-day trading on Monday . The stock traded as high as $409.90 and last traded at $408.72. Approximately 209,268 shares were traded during 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

Several research firms have commented on BLD. Stephens lowered their target price on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. DA Davidson dropped their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group decreased their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Evercore ISI dropped their price objective on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $440.44.

TopBuild Stock Performance

The stock’s 50-day moving average is $382.34 and its 200-day moving average is $395.86. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.56 and a beta of 1.79.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild during the 2nd quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of TopBuild during the third quarter worth $31,000. Kennebec Savings Bank purchased a new position in shares of TopBuild in the third quarter valued at $45,000. Quantbot Technologies LP purchased a new position in shares of TopBuild in the third quarter valued at $45,000. Finally, UMB Bank n.a. grew its holdings in TopBuild by 87.3% during the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds 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.