What’s Propelling TopBuild Corp. (BLD) to Reach All Time High?

March 21, 2018 - By Adrian Mccoy

The stock of TopBuild Corp. (NYSE:BLD) reached all time high today, Mar, 21 and still has $85.33 target or 5.00 % above today’s $81.27 share price. This indicates more upside for the $2.89B company. This technical setup was reported by Barchart.com. If the $85.33 PT is reached, the company will be worth $144.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.28% or $1.03 during the last trading session, reaching $81.27. About 154,621 shares traded. TopBuild Corp. (NYSE:BLD) has risen 51.26% since March 21, 2017 and is uptrending. It has outperformed by 34.56% the S&P500.

Analysts await TopBuild Corp. (NYSE:BLD) to report earnings on May, 8. They expect $0.69 EPS, up 50.00 % or $0.23 from last year’s $0.46 per share. BLD’s profit will be $24.52 million for 29.45 P/E if the $0.69 EPS becomes a reality. After $0.84 actual EPS reported by TopBuild Corp. for the previous quarter, Wall Street now forecasts -17.86 % negative EPS growth.

TopBuild Corp. (NYSE:BLD) Ratings Coverage

Among 9 analysts covering TopBuild (NYSE:BLD), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. TopBuild had 18 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 28 by Stephens. On Wednesday, October 4 the stock rating was maintained by SunTrust with “Buy”. On Friday, November 10 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The stock has “Buy” rating by KeyBanc Capital Markets on Tuesday, December 19. The stock has “Neutral” rating by Macquarie Research on Wednesday, November 4. The firm has “Buy” rating given on Tuesday, December 12 by Jefferies. The company was downgraded on Wednesday, January 27 by KeyBanc Capital Markets. The rating was maintained by KeyBanc Capital Markets on Thursday, October 12 with “Buy”. The stock of TopBuild Corp. (NYSE:BLD) earned “Buy” rating by SunTrust on Wednesday, August 12. The stock of TopBuild Corp. (NYSE:BLD) has “Buy” rating given on Monday, December 18 by Nomura.

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 $2.89 billion. The firm operates in two divisions, Installation and Distribution. It has a 18.81 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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