TopBuild (NYSE:BLD) Hits New 52-Week High – Still a Buy?

TopBuild Corp. (NYSE:BLD)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $559.47 and last traded at $544.75, with a volume of 267190 shares trading hands. The stock had previously closed at $550.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BLD shares. Royal Bank Of Canada began coverage on TopBuild in a report on Thursday, November 20th. They set a “sector perform” rating and a $410.00 target price for the company. Jefferies Financial Group upped their price objective on shares of TopBuild from $518.00 to $536.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Evercore reduced their price target on shares of TopBuild from $449.00 to $448.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Benchmark increased their target price on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, DA Davidson reaffirmed a “buy” rating and set a $485.00 price target on shares of TopBuild in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $443.73.

TopBuild Stock Performance

The business has a 50 day moving average of $472.63 and a 200-day moving average of $440.88. The company has a market capitalization of $14.58 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 8.75 and a beta of 1.70. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.45 and a current ratio of 2.90.

Insiders Place Their Bets

In other TopBuild news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the sale, the vice president owned 9,349 shares in the company, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in shares of TopBuild by 464.5% in the 4th quarter. Victory Capital Management Inc. now owns 777,666 shares of the construction company’s stock worth $324,434,000 after acquiring an additional 639,915 shares in the last quarter. Capital International Investors raised its stake in TopBuild by 71.1% during the fourth quarter. Capital International Investors now owns 1,518,093 shares of the construction company’s stock valued at $633,346,000 after buying an additional 630,857 shares during the last quarter. Boston Partners boosted its holdings in TopBuild by 102.2% in the second quarter. Boston Partners now owns 774,161 shares of the construction company’s stock worth $250,872,000 after acquiring an additional 391,299 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of TopBuild by 7,961.7% in the second quarter. Orion Porfolio Solutions LLC now owns 395,747 shares of the construction company’s stock worth $128,119,000 after acquiring an additional 390,838 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of TopBuild in the second quarter worth $110,238,000. 95.67% of the stock is currently owned by institutional investors.

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.