Brokerages Set TopBuild Corp. (NYSE:BLD) Price Target at $437.00

TopBuild Corp. (NYSE:BLD) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $437.00.

BLD has been the subject of a number of research analyst reports. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. The Goldman Sachs Group decreased their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. DA Davidson reduced their target price on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

Institutional Trading of TopBuild

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in TopBuild in the 3rd quarter valued at approximately $114,220,000. FMR LLC boosted its holdings in TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after acquiring an additional 161,743 shares during the period. Jennison Associates LLC lifted its position in shares of TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after purchasing an additional 110,143 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of TopBuild in the third quarter valued at approximately $41,981,000. Finally, E. Ohman J or Asset Management AB acquired a new position in shares of TopBuild in the fourth quarter valued at approximately $23,906,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

BLD opened at $338.18 on Monday. The firm has a market capitalization of $9.98 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 2.05 and a beta of 1.85. 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’s 50-day moving average is $340.20 and its two-hundred day moving average is $372.80. TopBuild has a 1 year low of $302.70 and a 1 year high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $5.43 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts anticipate that TopBuild will post 20.97 earnings per share for the current fiscal year.

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.