TopBuild (NYSE:BLD) Trading 10% Higher

TopBuild Corp. (NYSE:BLD - Get Free Report) was up 10% during mid-day trading on Thursday . The stock traded as high as $430.03 and last traded at $428.19. Approximately 318,140 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 280,647 shares. The stock had previously closed at $389.32.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BLD. Stephens restated an "equal weight" rating and set a $425.00 price objective on shares of TopBuild in a research note on Tuesday, April 23rd. Bank of America increased their price objective on shares of TopBuild from $410.00 to $475.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. Evercore ISI boosted their target price on shares of TopBuild from $469.00 to $527.00 and gave the company an "outperform" rating in a research note on Tuesday, April 2nd. Benchmark raised their price target on shares of TopBuild from $450.00 to $470.00 and gave the company a "buy" rating in a research note on Wednesday, May 8th. Finally, StockNews.com cut TopBuild from a "buy" rating to a "hold" rating in a report on Monday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $436.00.

TopBuild Stock Up 8.7 %

The company has a current ratio of 2.81, a quick ratio of 2.33 and a debt-to-equity ratio of 0.50. The firm's fifty day moving average is $400.95 and its 200 day moving average is $397.54. The stock has a market cap of $13.47 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.78 and a beta of 1.76.

TopBuild (NYSE:BLD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share for the quarter, beating analysts' consensus estimates of $4.56 by $0.25. TopBuild had a return on equity of 25.87% and a net margin of 12.11%. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the business posted $4.36 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that TopBuild Corp. will post 21.63 EPS for the current year.

Insider Buying and Selling

In other TopBuild news, Director Nancy M. Taylor sold 300 shares of the company's stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $415.81, for a total transaction of $124,743.00. Following the transaction, the director now directly owns 5,920 shares in the company, valued at approximately $2,461,595.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other TopBuild news, Director Nancy M. Taylor sold 300 shares of the company's stock in a transaction on Friday, May 31st. The shares were sold at an average price of $415.81, for a total transaction of $124,743.00. Following the completion of the sale, the director now owns 5,920 shares in the company, valued at approximately $2,461,595.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert M. Buck sold 2,500 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $418.05, for a total value of $1,045,125.00. Following the completion of the transaction, the chief executive officer now directly owns 69,468 shares in the company, valued at approximately $29,041,097.40. The disclosure for this sale can be found here. Insiders sold a total of 8,340 shares of company stock worth $3,407,994 over the last three months. 0.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in TopBuild during the 4th quarter worth approximately $154,983,000. Axiom Investors LLC DE bought a new stake in shares of TopBuild during the fourth quarter worth $87,451,000. Capital International Investors raised its holdings in shares of TopBuild by 14.0% during the fourth quarter. Capital International Investors now owns 1,617,057 shares of the construction company's stock worth $605,200,000 after acquiring an additional 198,614 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in TopBuild by 53.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company's stock valued at $140,993,000 after acquiring an additional 130,563 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in TopBuild by 268.8% in the 4th quarter. Allianz Asset Management GmbH now owns 74,021 shares of the construction company's stock worth $27,703,000 after purchasing an additional 53,950 shares during the period. 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.

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