#3 - TopBuild (NYSE:BLD)
Another way to play the housing sector other than the homebuilder stocks is with their suppliers. TopBuild (NYSE:BLD) is one of the leading companies in the installation and distribution of insulation and related building products to the U.S. construction industry.
The stock is up over 15% for the year despite plunging nearly 50% in just two weeks in March. In the last month alone, the stock is up close to 20%, undoubtedly due to increased demand brought about by contractors and home builders going back on site.
Because the company is a supplier for the construction industry, they should be a bellwether for the broader sector. On June 18, BLD stock got a lift from the analyst firm Benchmark that raised its price target for the stock from $113 to $139. That would be a gain of approximately 15% from the stock’s current level. BLD stock has a better rating than 85% of its peers making it one of the more compelling housing stocks to consider.
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.
More- Current Price
- $336.81
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $437.00 (29.7% Upside)
