Brokerages Set TopBuild Corp. (NYSE:BLD) Target Price at $403.88

Shares of TopBuild Corp. (NYSE:BLD) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $403.88.

Several equities analysts have recently issued reports on BLD shares. The Goldman Sachs Group cut their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Loop Capital lowered their price target on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Seaport Res Ptn lowered shares of TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Truist Financial lowered their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th.

TopBuild Stock Down 0.2 %

Shares of NYSE:BLD opened at $311.34 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The firm has a market cap of $9.11 billion, a P/E ratio of 15.71, a P/E/G ratio of 1.82 and a beta of 1.89. TopBuild has a 12 month low of $288.31 and a 12 month high of $495.68. The company’s 50-day moving average price is $320.73 and its two-hundred day moving average price is $349.70.

TopBuild (NYSE:BLD) last released its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $4.69 earnings per share. TopBuild’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that TopBuild will post 20.97 EPS for the current fiscal year.

Institutional Trading of TopBuild

Hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. raised its holdings in TopBuild by 779.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock worth $188,098,000 after buying an additional 535,478 shares during the period. Norges Bank acquired a new stake in shares of TopBuild during the fourth quarter worth $108,688,000. Westwood Holdings Group Inc. acquired a new stake in shares of TopBuild during the fourth quarter worth $80,844,000. Interval Partners LP bought a new stake in TopBuild in the 4th quarter valued at $53,424,000. Finally, FMR LLC boosted its stake in TopBuild by 9.7% in the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after purchasing an additional 161,743 shares during the period. Institutional investors and hedge funds 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.