Jefferies Financial Group Trims TopBuild (NYSE:BLD) Target Price to $515.00

TopBuild (NYSE:BLD) had its price target lowered by investment analysts at Jefferies Financial Group from $525.00 to $515.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s price target points to a potential upside of 31.23% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Stephens dropped their price target on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Evercore ISI cut their target price on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. DA Davidson reduced their price target on TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Truist Financial dropped their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $446.67.

TopBuild Trading Up 1.5 %

Shares of BLD traded up $5.78 during trading hours on Wednesday, hitting $392.43. The company had a trading volume of 220,320 shares, compared to its average volume of 288,351. The firm has a market cap of $12.49 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.53 and a beta of 1.77. TopBuild has a 52-week low of $217.08 and a 52-week high of $495.68. The stock’s 50 day moving average price is $391.99 and its 200 day moving average price is $405.89. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57.

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

Institutional Investors Weigh In On TopBuild

Several hedge funds have recently made changes to their positions in BLD. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in TopBuild by 53.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 376,725 shares of the construction company’s stock valued at $140,993,000 after buying an additional 130,563 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in TopBuild by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 300,001 shares of the construction company’s stock worth $112,279,000 after acquiring an additional 23,267 shares in the last quarter. Wellington Management Group LLP grew its holdings in TopBuild by 44.8% in the fourth quarter. Wellington Management Group LLP now owns 22,248 shares of the construction company’s stock worth $8,327,000 after purchasing an additional 6,887 shares during the period. Vanguard Group Inc. increased its stake in shares of TopBuild by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,974,062 shares of the construction company’s stock valued at $1,113,072,000 after purchasing an additional 23,906 shares in the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in shares of TopBuild during the fourth quarter valued at approximately $636,000. 95.67% of the stock is currently owned by institutional investors.

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.