TopBuild Corp. (NYSE:BLD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TopBuild Corp. (NYSE:BLD) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $403.88.

Several brokerages recently commented on BLD. Benchmark decreased their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Loop Capital reduced their target price on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. The Goldman Sachs Group dropped their target price 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. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $443.00 to $381.00 in a research note on Monday, December 16th.

TopBuild Stock Up 5.8 %

BLD opened at $315.74 on Tuesday. TopBuild has a fifty-two week low of $288.31 and a fifty-two week high of $495.68. The company has a market capitalization of $9.23 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.82 and a beta of 1.89. 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 firm’s fifty day moving average price is $322.43 and its two-hundred day moving average price is $350.56.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share for the quarter, beating analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.69 earnings per share. On average, analysts anticipate that TopBuild will post 20.97 EPS for the current year.

Institutional Investors Weigh In On TopBuild

A number of institutional investors and hedge funds have recently made changes to their positions in BLD. Winch Advisory Services LLC acquired a new stake in TopBuild in the fourth quarter worth about $26,000. Versant Capital Management Inc grew its position in shares of TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after buying an additional 72 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild during the third quarter worth approximately $31,000. V Square Quantitative Management LLC lifted its holdings in TopBuild by 55.3% in the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after buying an additional 42 shares during the period. Finally, Quantbot Technologies LP bought a new position in TopBuild in the third quarter valued at approximately $45,000. Institutional investors 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.