TopBuild (NYSE:BLD) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of TopBuild (NYSE:BLD) in a report issued on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $356.00 price target on the construction company’s stock.

Other equities research analysts have also issued research reports about the stock. 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. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. StockNews.com cut TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Benchmark reduced their price target on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, Evercore ISI cut TopBuild from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $443.00 to $381.00 in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TopBuild has a consensus rating of “Moderate Buy” and a consensus target price of $398.56.

TopBuild Price Performance

NYSE:BLD opened at $305.26 on Tuesday. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.82 and a beta of 1.89. 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 business has a 50 day simple moving average of $318.19 and a 200-day simple moving average of $348.09. TopBuild has a 1 year low of $288.31 and a 1 year high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.07 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. TopBuild’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $4.69 earnings per share. Equities analysts forecast that TopBuild will post 20.97 EPS for the current year.

Institutional Trading of TopBuild

A number of large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in TopBuild during the 3rd quarter worth $31,000. Winch Advisory Services LLC purchased a new stake in TopBuild in the fourth quarter worth about $26,000. Versant Capital Management Inc grew its holdings in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Quantbot Technologies LP bought a new position in TopBuild during the 3rd quarter worth about $45,000. Finally, V Square Quantitative Management LLC increased its position in TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after purchasing an additional 42 shares during the period. Hedge funds and other institutional investors 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.