Examining the Potential Price Growth of TopBuild Corp. (BLD)


TopBuild Corp.’s recently made public that its President, TruTeam Operations Raia Steven P unloaded Company’s shares for reported $0.29 million on Aug 29. In the deal valued at $286.44 per share,1,000 shares were sold. As a result of this transaction, Raia Steven P now holds 9,670 shares worth roughly $ 2.87 million.

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Then, Buck Robert M sold 4,500 shares, generating $1,357,920 in total proceeds. Upon selling the shares at $301.76, the President and CEO now owns 73,830 shares.

Before that, Franklin Robert Jeffrey sold 776 shares. TopBuild Corp. shares valued at $230,379 were divested by the Pres, Specialty Distribution at a price of $296.88 per share. As a result of the transaction, Franklin Robert Jeffrey now holds 15,065 shares, worth roughly $4.47 million.

Seaport Research Partners initiated its TopBuild Corp. [BLD] rating to a Buy in a research note published on Friday, August 01, 2023; the price target was $315. PT values the company’s stock at a premium of 5.85 to its Friday closing price.

Price Performance Review of BLD

On Friday, TopBuild Corp. [NYSE:BLD] saw its stock jump 2.23% to $296.56. On the same session, the stock had its day’s lowest price of $292.00, but rose to a high of $298.98. Over the last five days, the stock has gained 8.11%. TopBuild Corp. shares have risen nearly 89.51% since the year began. Nevertheless, the stocks have risen 61.38% over the past one year. While a 52-week high of $307.54 was reached on 08/15/23, a 52-week low of $140.66 was recorded on 01/03/23. SMA at 50 days reached $277.67, while 200 days put it at $214.60. A total of 0.14 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For BLD Stock

The 24-hour chart illustrates a support level at 292.71, which if violated will result in even more drops to 288.87. On the upside, there is a resistance level at 299.69. A further resistance level may holdings at 302.83. The Relative Strength Index (RSI) on the 14-day chart is 61.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.29%. Stochastics %K at 63.33% indicates the stock is a holding.

How much short interest is there in TopBuild Corp.?

A steep rise in short interest was recorded in TopBuild Corp. stocks on Aug 14, 2023, dropping by -0.15 million shares to a total of 0.73 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.88 million shares. There was a decline of -20.43%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.57% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.21.

TopBuild Corp. [BLD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 2,905,148 shares, or roughly 9.15% of the outstanding BLD shares. In other words, the investor’s shares have fallen by -19,152 from its previous 13-F filing of 2924300.0. Additionally, BlackRock Fund Advisors decreased -2.89% of its stake after which the total value it holdings stand at $770,477,706, while Capital Research & Management Co added 1.08% of its stake to hold $760.4 million in the firm. At present, Findlay Park Partners LLP is holding 1,284,860 shares valued at $351.96 million. Capital Research & Management Co owned 1,267,412 shares of the company at the time of its most recent 13F filing, worth $347.18 million.

According to FactSet, TopBuild Corp.’s share price will average $335.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.76 percent from its previous closing price of $290.08. Analysts expect TopBuild Corp. stock to reach the higher price of $372.00, while the lowest price estimate is $310.00. However, 11 analysts have rated BLD stock as an Overweight in their predictions for 2023.


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