TopBuild (NYSE:BLD) Stock Price Up 6.3% - Time to Buy?

TopBuild Corp. (NYSE:BLD - Get Free Report) shares were up 6.3% on Tuesday . The company traded as high as $384.86 and last traded at $384.86. Approximately 37,391 shares were traded during trading, a decline of 87% from the average daily volume of 283,833 shares. The stock had previously closed at $362.13.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Truist Financial dropped their price objective on shares of TopBuild from $410.00 to $395.00 and set a "hold" rating for the company in a research note on Wednesday, August 7th. Evercore ISI upped their target price on TopBuild from $489.00 to $491.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. StockNews.com upgraded TopBuild from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Stephens dropped their price objective on shares of TopBuild from $435.00 to $400.00 and set an "equal weight" rating for the company in a report on Thursday, August 8th. Finally, Jefferies Financial Group reduced their target price on shares of TopBuild from $525.00 to $515.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, TopBuild presently has an average rating of "Moderate Buy" and an average price target of $446.89.

TopBuild Stock Performance

The company has a market cap of $11.39 billion, a PE ratio of 19.80, a P/E/G ratio of 2.21 and a beta of 1.79. The stock's 50-day simple moving average is $386.22 and its 200 day simple moving average is $399.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34.

TopBuild (NYSE:BLD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts' consensus estimates of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter last year, the firm earned $5.25 earnings per share. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that TopBuild Corp. will post 21.03 EPS for the current year.

Hedge Funds Weigh In On TopBuild

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Liontrust Investment Partners LLP grew its stake in TopBuild by 21.1% in the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company's stock valued at $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Forge First Asset Management Inc. purchased a new position in shares of TopBuild during the 1st quarter worth approximately $16,158,000. Distillate Capital Partners LLC acquired a new position in shares of TopBuild during the 2nd quarter worth approximately $13,832,000. Vident Advisory LLC purchased a new stake in TopBuild in the 1st quarter valued at approximately $13,707,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in TopBuild during the 3rd quarter valued at $12,208,000. 95.67% of the stock is owned by institutional investors and hedge funds.

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.