TopBuild (NYSE:BLD) Reaches New 52-Week High – Should You Buy?

TopBuild Corp. (NYSE:BLD) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $512.53 and last traded at $515.5950, with a volume of 36006 shares trading hands. The stock had previously closed at $493.91.

Analyst Ratings Changes

Several brokerages have weighed in on BLD. Wells Fargo & Company upped their price target on TopBuild from $500.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Truist Financial boosted their price objective on TopBuild from $370.00 to $390.00 and gave the stock a “hold” rating in a research report on Thursday, October 9th. Evercore ISI reduced their target price on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Vertical Research assumed coverage on shares of TopBuild in a research note on Tuesday, October 21st. They issued a “buy” rating and a $517.96 price target for the company. Finally, Jefferies Financial Group increased their price objective on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TopBuild has an average rating of “Moderate Buy” and an average price target of $439.73.

TopBuild Stock Performance

The firm has a 50 day moving average of $453.69 and a two-hundred day moving average of $429.81. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The stock has a market cap of $14.45 billion, a PE ratio of 26.28, a PEG ratio of 8.20 and a beta of 1.70.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, November 4th. The construction company reported $5.36 EPS for the quarter, beating the consensus estimate of $5.22 by $0.14. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a net margin of 10.84% and a return on equity of 27.10%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.68 earnings per share. Research analysts predict that TopBuild Corp. will post 20.97 EPS for the current fiscal year.

Insider Activity at TopBuild

In related news, VP Luis Francisco Machado sold 1,000 shares of TopBuild stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total transaction of $450,400.00. Following the sale, the vice president directly owned 9,349 shares in the company, valued at $4,210,789.60. This trade represents a 9.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On TopBuild

Several hedge funds have recently made changes to their positions in BLD. Global Retirement Partners LLC increased its position in shares of TopBuild by 310.5% during the fourth quarter. Global Retirement Partners LLC now owns 78 shares of the construction company’s stock worth $33,000 after purchasing an additional 59 shares in the last quarter. North Dakota State Investment Board purchased a new position in TopBuild during the 4th quarter worth approximately $419,000. Abacus Wealth Partners LLC acquired a new position in TopBuild during the fourth quarter worth approximately $441,000. May Hill Capital LLC purchased a new stake in TopBuild in the fourth quarter valued at approximately $357,000. Finally, Beese Fulmer Investment Management Inc. acquired a new stake in shares of TopBuild in the fourth quarter valued at approximately $394,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Company Profile

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.