TopBuild Corp. (NYSE:BLD) Receives $439.38 Average Price Target from Brokerages

Shares of TopBuild Corp. (NYSE:BLD) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $439.38.

BLD has been the topic of several recent research reports. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and cut their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson cut their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Jefferies Financial Group reduced their price target on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th.

TopBuild Stock Down 1.7 %

BLD stock opened at $313.95 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The business has a fifty day moving average price of $349.20 and a 200-day moving average price of $380.63. TopBuild has a 1-year low of $302.70 and a 1-year high of $495.68. The stock has a market capitalization of $9.26 billion, a P/E ratio of 15.84, a P/E/G ratio of 2.31 and a beta of 1.84.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.43 earnings per share. Equities analysts forecast that TopBuild will post 20.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

A number of institutional investors have recently bought and sold shares of BLD. Commonwealth Equity Services LLC grew its stake in shares of TopBuild by 21.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,404 shares of the construction company’s stock valued at $926,000 after purchasing an additional 430 shares during the period. Caprock Group LLC acquired a new position in TopBuild during the second quarter worth $594,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of TopBuild in the 2nd quarter valued at $30,000. Headlands Technologies LLC boosted its stake in shares of TopBuild by 838.1% in the 2nd quarter. Headlands Technologies LLC now owns 1,182 shares of the construction company’s stock valued at $455,000 after purchasing an additional 1,056 shares in the last quarter. Finally, ClariVest Asset Management LLC lifted its holdings in TopBuild by 0.6% during the 2nd quarter. ClariVest Asset Management LLC now owns 6,170 shares of the construction company’s stock valued at $2,377,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Company Profile

TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building material products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, garage doors, fireplaces, roofing materials, closet shelving, and other products.