TopBuild (NYSE:BLD) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of TopBuild (NYSE:BLD) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $356.00 target price on the construction company’s stock.

A number of other research firms have also recently commented on BLD. The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com cut shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Loop Capital cut their price target on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Finally, Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $398.56.

TopBuild Stock Performance

Shares of NYSE BLD opened at $305.26 on Tuesday. TopBuild has a 12-month low of $288.31 and a 12-month high of $495.68. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average of $318.19 and a 200 day moving average of $348.09.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BLD. Winch Advisory Services LLC bought a new position in TopBuild during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings 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 acquiring an additional 72 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of TopBuild during the 3rd quarter valued at approximately $31,000. V Square Quantitative Management LLC grew its holdings in shares of 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 purchasing an additional 42 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of TopBuild in the third quarter valued at $45,000. Hedge funds and other 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.