Will TopBuild Corp. (BLD) Run Out of Steam Soon?

January 16, 2018 - By Dolores Ford

The stock of TopBuild Corp. (NYSE:BLD) hit a new 52-week high and has $78.30 target or 4.00 % above today’s $75.29 share price. The 6 months bullish chart indicates low risk for the $2.68 billion company. The 1-year high was reported on Jan, 16 by Barchart.com. If the $78.30 price target is reached, the company will be worth $107.16 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 2.09% or $1.6 during the last trading session, reaching $75.29. About 193,615 shares traded. TopBuild Corp. (NYSE:BLD) has risen 51.26% since January 16, 2017 and is uptrending. It has outperformed by 34.56% the S&P500.

Analysts await TopBuild Corp. (NYSE:BLD) to report earnings on February, 27. They expect $0.81 EPS, up 37.29 % or $0.22 from last year’s $0.59 per share. BLD’s profit will be $28.82M for 23.24 P/E if the $0.81 EPS becomes a reality. After $0.83 actual EPS reported by TopBuild Corp. for the previous quarter, Wall Street now forecasts -2.41 % negative EPS growth.

TopBuild Corp. (NYSE:BLD) Ratings Coverage

Among 8 analysts covering TopBuild (NYSE:BLD), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. TopBuild had 17 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 12 by SunTrust. The stock of TopBuild Corp. (NYSE:BLD) has “Buy” rating given on Thursday, October 12 by KeyBanc Capital Markets. Nomura maintained it with “Neutral” rating and $61 target in Wednesday, November 8 report. The stock of TopBuild Corp. (NYSE:BLD) earned “Neutral” rating by Macquarie Research on Wednesday, November 4. The stock of TopBuild Corp. (NYSE:BLD) has “Overweight” rating given on Thursday, January 5 by KeyBanc Capital Markets. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Friday, November 10. On Wednesday, January 27 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. The stock has “Buy” rating by SunTrust on Wednesday, October 4. Nomura upgraded the stock to “Buy” rating in Monday, December 18 report. The company was maintained on Thursday, January 11 by KeyBanc Capital Markets.

More recent TopBuild Corp. (NYSE:BLD) news were published by: Prnewswire.com which released: “TopBuild Acquires Superior Insulation Products” on April 21, 2017. Also Seekingalpha.com published the news titled: “TopBuild’s (BLD) CEO Jerry Volas on Q3 2017 Results – Earnings Call Transcript” on November 11, 2017. Streetinsider.com‘s news article titled: “Nomura/Instinet Upgrades TopBuild Corp (BLD) to Buy Following Management Meeting” with publication date: December 18, 2017 was also an interesting one.

TopBuild Corp. engages in the installation, distribution, and sale of insulation and other building products to the United States construction industry. The company has market cap of $2.68 billion. The firm operates in two divisions, Installation and Distribution. It has a 37.42 P/E ratio. It offers rain gutters, garage doors, fireplaces, fireproofing and firestopping products, shower enclosures, closet shelves, accessories, and other building products; and residential insulation services.

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