TopBuild (NYSE:BLD) Stock Rating Upgraded by StockNews.com

TopBuild (NYSE:BLD) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Several other equities research analysts have also commented on BLD. Stephens cut their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Jefferies Financial Group upped their target price on TopBuild from $486.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Evercore ISI dropped their price objective on TopBuild from $555.00 to $489.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. DA Davidson lowered their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Truist Financial lowered their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $449.00.

TopBuild Stock Performance

Shares of NYSE BLD traded up $1.43 during midday trading on Monday, reaching $407.53. The company had a trading volume of 246,893 shares, compared to its average volume of 293,384. TopBuild has a 1 year low of $217.08 and a 1 year high of $495.68. The business’s 50-day simple moving average is $404.59 and its 200 day simple moving average is $407.10. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $12.97 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.27 and a beta of 1.77.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $5.25 EPS. TopBuild’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts forecast that TopBuild will post 21.18 earnings per share for the current fiscal year.

Institutional Trading of TopBuild

Several large investors have recently bought and sold shares of BLD. Assenagon Asset Management S.A. grew its stake in TopBuild by 0.4% in the second quarter. Assenagon Asset Management S.A. now owns 6,176 shares of the construction company’s stock valued at $2,379,000 after acquiring an additional 23 shares during the period. Andina Capital Management LLC lifted its stake in shares of TopBuild by 3.2% in the 2nd quarter. Andina Capital Management LLC now owns 870 shares of the construction company’s stock valued at $335,000 after acquiring an additional 27 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of TopBuild by 3.5% during the second quarter. CIBC Asset Management Inc now owns 887 shares of the construction company’s stock worth $342,000 after purchasing an additional 30 shares during the period. Fifth Third Bancorp increased its position in TopBuild by 10.3% during the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the construction company’s stock valued at $128,000 after purchasing an additional 31 shares during the period. Finally, Hanseatic Management Services Inc. grew its position in shares of TopBuild by 1.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 1,847 shares of the construction company’s stock worth $712,000 after buying an additional 31 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

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.