The Goldman Sachs Group Cuts TopBuild (NYSE:BLD) Price Target to $410.00

TopBuild (NYSE:BLD) had its price objective reduced by The Goldman Sachs Group from $475.00 to $410.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

BLD has been the subject of a number of other research reports. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. Finally, DA Davidson decreased their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $437.00.

TopBuild Price Performance

Shares of NYSE:BLD opened at $345.14 on Tuesday. The company has a market capitalization of $10.18 billion, a PE ratio of 17.41, a PEG ratio of 1.84 and a beta of 1.84. The business has a fifty day moving average price of $346.81 and a 200-day moving average price of $379.53. TopBuild has a 1-year low of $302.70 and a 1-year high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’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 company earned $5.43 earnings per share. As a group, equities analysts expect that TopBuild will post 20.95 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its position in TopBuild by 21.8% in the second quarter. Commonwealth Equity Services LLC now owns 2,404 shares of the construction company’s stock worth $926,000 after acquiring an additional 430 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of TopBuild in the 2nd quarter worth $30,000. Federated Hermes Inc. raised its holdings in TopBuild by 2.7% in the 2nd quarter. Federated Hermes Inc. now owns 8,655 shares of the construction company’s stock worth $3,335,000 after purchasing an additional 227 shares during the period. Thoroughbred Financial Services LLC purchased a new position in TopBuild during the second quarter valued at $452,000. Finally, Edgestream Partners L.P. grew its holdings in TopBuild by 274.0% during the second quarter. Edgestream Partners L.P. now owns 7,614 shares of the construction company’s stock valued at $2,933,000 after purchasing an additional 5,578 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

About TopBuild

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.