TopBuild Corp. (NYSE:BLD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of TopBuild Corp. (NYSE:BLD) have received an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $440.44.

Several research analysts have issued reports on the stock. Evercore ISI decreased their price target on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Truist Financial lowered their target price on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group dropped 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. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Finally, DA Davidson lowered their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th.

TopBuild Stock Up 3.3 %

BLD stock opened at $373.05 on Wednesday. The stock has a market cap of $11.00 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 2.28 and a beta of 1.79. The firm’s 50-day simple moving average is $382.34 and its 200 day simple moving average is $396.05. TopBuild has a fifty-two week low of $291.98 and a fifty-two week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last issued its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $5.43 earnings per share. As a group, sell-side analysts predict that TopBuild will post 20.99 EPS for the current year.

Hedge Funds Weigh In On TopBuild

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