Shares of TopBuild Corp (NYSE:BLD) have earned an average rating of “Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $71.17.
A number of equities research analysts have weighed in on the stock. ValuEngine raised shares of TopBuild from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded TopBuild from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Friday, January 5th. Nomura upgraded TopBuild from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $69.00 to $78.00 in a report on Monday, December 18th. Jefferies Group initiated coverage on TopBuild in a report on Tuesday, December 12th. They set a “buy” rating and a $79.00 price objective on the stock. Finally, KeyCorp restated an “overweight” rating on shares of TopBuild in a report on Friday, November 10th.
TopBuild (NYSE BLD) traded up $2.20 during mid-day trading on Wednesday, reaching $77.51. 236,086 shares of the company traded hands, compared to its average volume of 291,428. The firm has a market capitalization of $2,676.54, a P/E ratio of 17.66 and a beta of 0.68. TopBuild has a 1-year low of $43.51 and a 1-year high of $78.64. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.23.
In related news, insider Robert M. Buck sold 23,112 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $74.12, for a total value of $1,713,061.44. Following the completion of the sale, the insider now owns 73,917 shares of the company’s stock, valued at approximately $5,478,728.04. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John S. Peterson sold 6,932 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $75.36, for a total value of $522,395.52. Following the completion of the sale, the chief financial officer now directly owns 34,943 shares of the company’s stock, valued at approximately $2,633,304.48. The disclosure for this sale can be found here. Insiders sold a total of 32,271 shares of company stock worth $2,405,043 in the last quarter. 1.30% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new stake in shares of TopBuild in the 4th quarter valued at approximately $283,000. MetLife Investment Advisors LLC bought a new stake in shares of TopBuild in the 4th quarter valued at approximately $1,179,000. LPL Financial LLC grew its stake in shares of TopBuild by 35.0% in the 4th quarter. LPL Financial LLC now owns 11,767 shares of the construction company’s stock valued at $891,000 after buying an additional 3,048 shares in the last quarter. Millennium Management LLC grew its stake in shares of TopBuild by 15.3% in the 4th quarter. Millennium Management LLC now owns 58,886 shares of the construction company’s stock valued at $4,460,000 after buying an additional 7,817 shares in the last quarter. Finally, Meadow Creek Investment Management LLC grew its stake in shares of TopBuild by 31.3% in the 4th quarter. Meadow Creek Investment Management LLC now owns 3,784 shares of the construction company’s stock valued at $287,000 after buying an additional 902 shares in the last quarter. 92.93% of the stock is owned by institutional investors and hedge funds.
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TopBuild Company Profile
TopBuild Corp. installs and distributes insulation products to the United States construction industry. The Company operates through two segments: Installation (TruTeam) and Distribution (Service Partners). Its Installation segment principally includes the sales and installation of insulation and other building products.
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