TopBuild (NYSE:BLD) Stock Price Up 1.5% - Here's Why

Shares of TopBuild Corp. (NYSE:BLD - Get Free Report) shot up 1.5% during mid-day trading on Friday . The company traded as high as $281.09 and last traded at $288.58. 26,124 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 310,002 shares. The stock had previously closed at $284.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Seaport Res Ptn lowered shares of TopBuild from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. StockNews.com downgraded TopBuild from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Truist Financial cut their price objective on TopBuild from $395.00 to $310.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group decreased their target price on TopBuild from $475.00 to $410.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Evercore ISI downgraded shares of TopBuild from an "outperform" rating to an "inline" rating and cut their price target for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $398.56.

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TopBuild Price Performance

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 $8.69 billion, a PE ratio of 14.99, a PEG ratio of 1.82 and a beta of 1.78. The business has a 50-day moving average price of $310.92 and a 200 day moving average price of $343.67.

TopBuild (NYSE:BLD - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The company's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.69 earnings per share. As a group, research analysts forecast that TopBuild Corp. will post 20.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BLD. Investors Research Corp bought a new position in shares of TopBuild in the first quarter worth $206,000. Rothschild Investment LLC lifted its holdings in TopBuild by 59,873.7% during the 1st quarter. Rothschild Investment LLC now owns 11,395 shares of the construction company's stock worth $3,475,000 after purchasing an additional 11,376 shares in the last quarter. Parallel Advisors LLC lifted its holdings in TopBuild by 111.5% during the 1st quarter. Parallel Advisors LLC now owns 129 shares of the construction company's stock worth $39,000 after purchasing an additional 68 shares in the last quarter. GAMMA Investing LLC boosted its stake in TopBuild by 167,622.2% in the 1st quarter. GAMMA Investing LLC now owns 150,950 shares of the construction company's stock worth $46,032,000 after purchasing an additional 150,860 shares during the period. Finally, Versant Capital Management Inc grew its holdings in TopBuild by 761.7% during the 1st quarter. Versant Capital Management Inc now owns 810 shares of the construction company's stock valued at $247,000 after buying an additional 716 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Company Profile

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.