TopBuild Corp. (NYSE:BLD) Receives $440.44 Average Target Price from Analysts

Shares of TopBuild Corp. (NYSE:BLD) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $440.44.

Several research analysts recently weighed in on BLD shares. DA Davidson reduced their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Evercore ISI cut their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. 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. Finally, Truist Financial lowered their price objective on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th.

TopBuild Price Performance

NYSE:BLD opened at $373.05 on Wednesday. The company has a 50-day moving average of $382.61 and a 200-day moving average of $396.37. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.20 and a beta of 1.79. TopBuild has a 52 week low of $291.98 and a 52 week high of $495.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company posted $5.43 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that TopBuild will post 21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC boosted its position in shares of TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after acquiring an additional 25,973 shares during the period. Nisa Investment Advisors LLC lifted its position in TopBuild by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock worth $5,493,000 after purchasing an additional 820 shares during the period. Vanguard Group Inc. lifted its position in TopBuild by 0.5% during the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after purchasing an additional 15,965 shares during the period. DekaBank Deutsche Girozentrale lifted its position in TopBuild by 29.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 130,738 shares of the construction company’s stock worth $56,489,000 after purchasing an additional 30,000 shares during the period. Finally, River Global Investors LLP lifted its holdings in shares of TopBuild by 27.3% in the third quarter. River Global Investors LLP now owns 6,930 shares of the construction company’s stock worth $2,818,000 after acquiring an additional 1,485 shares during the last quarter. 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.