TopBuild Corp. (NYSE:BLD) Receives $447.13 Consensus PT from Brokerages

TopBuild Corp. (NYSE:BLD) has been given an average rating of “Moderate Buy” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $439.38.

Several research analysts have weighed in on the company. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and cut their price target for the stock from $443.00 to $381.00 in a report on Monday. Jefferies Financial Group reduced their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson reduced their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th.

Institutional Investors Weigh In On TopBuild

Institutional investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of TopBuild during the 3rd quarter valued at $31,000. World Investment Advisors LLC purchased a new position in TopBuild during the 3rd quarter valued at about $54,000. Anchor Investment Management LLC increased its position in shares of TopBuild by 10.3% during the third quarter. Anchor Investment Management LLC now owns 888 shares of the construction company’s stock valued at $361,000 after buying an additional 83 shares during the period. Fortem Financial Group LLC increased its position in shares of TopBuild by 450.8% during the third quarter. Fortem Financial Group LLC now owns 5,233 shares of the construction company’s stock valued at $2,129,000 after buying an additional 4,283 shares during the period. Finally, TT International Asset Management LTD lifted its holdings in shares of TopBuild by 199.5% in the third quarter. TT International Asset Management LTD now owns 14,087 shares of the construction company’s stock worth $5,730,000 after buying an additional 9,383 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

TopBuild Price Performance

BLD opened at $338.29 on Friday. TopBuild has a 1 year low of $331.22 and a 1 year high of $495.68. 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 company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 2.31 and a beta of 1.79. The firm’s fifty day moving average price is $373.62 and its two-hundred day moving average price is $391.93.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.39 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 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $5.43 earnings per share. As a group, analysts anticipate that TopBuild will post 20.95 earnings per share for the current fiscal year.

About TopBuild

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.