Analysts Set TopBuild Corp. (NYSE:BLD) PT at $447.13

Shares of TopBuild Corp. (NYSE:BLD) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $439.38.

Several equities research analysts recently issued reports on BLD shares. Jefferies Financial Group decreased their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a report 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. Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a research note on Monday. DA Davidson reduced their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th.

TopBuild Stock Down 3.0 %

NYSE BLD opened at $308.96 on Friday. The business has a fifty day moving average price of $370.61 and a two-hundred day moving average price of $390.84. The stock has a market capitalization of $9.12 billion, a PE ratio of 15.59, a PEG ratio of 2.31 and a beta of 1.79. TopBuild has a fifty-two week low of $305.79 and a fifty-two week 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.

TopBuild (NYSE:BLD) last announced its quarterly earnings data 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. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the company earned $5.43 EPS. TopBuild’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts expect that TopBuild will post 20.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TopBuild

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. bought a new stake in TopBuild in the third quarter valued at approximately $114,220,000. FMR LLC boosted its stake in shares of TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock valued at $744,663,000 after purchasing an additional 161,743 shares during the last quarter. Jennison Associates LLC increased its position in shares of TopBuild by 2,833.6% during the third quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock worth $46,389,000 after buying an additional 110,143 shares during the period. Natixis Advisors LLC bought a new position in TopBuild during the third quarter worth $41,981,000. Finally, Liontrust Investment Partners LLP raised its stake in TopBuild by 21.1% during the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after buying an additional 57,880 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.