That’s why I Feel Comfortable With TopBuild Corp’s (BLD) Future

At the time of writing, TopBuild Corp [BLD] stock is trading at $398.06, down -1.17%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BLD shares have gain 9.11% over the last week, with a monthly amount glided 4.44%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

TopBuild Corp [NYSE: BLD] stock has seen the most recent analyst activity on March 05, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $470. Previously, Loop Capital upgraded its rating to Buy on January 08, 2024. On January 04, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $410 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $387 on December 14, 2023. Goldman initiated its recommendation with a Buy and recommended $355 as its price target on November 16, 2023. Evercore ISI upgraded its rating to Outperform for this stock on November 09, 2023, and upped its price target to $368. In a note dated August 01, 2023, Seaport Research Partners initiated an Buy rating and provided a target price of $315 on this stock.

For the past year, the stock price of TopBuild Corp fluctuated between $217.08 and $495.68. Currently, Wall Street analysts expect the stock to reach $376.29 within the next 12 months. TopBuild Corp [NYSE: BLD] shares were valued at $398.06 at the most recent close of the market. An investor can expect a potential drop of -5.47% based on the average BLD price forecast.

Analyzing the BLD fundamentals

According to TopBuild Corp [NYSE:BLD], the company’s sales were 5.26B for trailing twelve months, which represents an 3.67% jump. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.25 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 392.48 points at the first support level, and at 386.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 407.20, and for the 2nd resistance point, it is at 416.34.

Ratios To Look Out For

It is important to note that TopBuild Corp [NYSE:BLD] has a current ratio of 2.34. Also, the Quick Ratio is 1.82, while the Cash Ratio stands at 1.24. Considering the valuation of this stock, the price to sales ratio is 2.28, the price to book ratio is 5.16 and price to earnings (TTM) ratio is 20.48.

Transactions by insiders

Recent insider trading involved Buck Robert M, President and CEO, that happened on Jun 12 ’24 when 2500.0 shares were sold. Director, TAYLOR NANCY M completed a deal on May 31 ’24 to sell 300.0 shares. Meanwhile, Director Donikowski Tina sold 640.0 shares on May 15 ’24.

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