TopBuild (NYSE:BLD) Rating Increased to Buy at StockNews.com

TopBuild (NYSE:BLD) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other research firms have also weighed in on BLD. Truist Financial decreased their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. DA Davidson lowered their target price on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a report on Friday, August 9th. Evercore ISI lifted their price target on shares of TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stephens reduced their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, Jefferies Financial Group dropped their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $446.89.

TopBuild Price Performance

BLD stock opened at $356.21 on Tuesday. TopBuild has a 52 week low of $225.45 and a 52 week high of $495.68. The firm has a market capitalization of $11.33 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 2.45 and a beta of 1.77. The company has a fifty day simple moving average of $388.75 and a two-hundred day simple moving average of $400.58. 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). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business posted $5.25 EPS. The firm’s revenue was up 3.7% on a year-over-year basis. Analysts anticipate that TopBuild will post 21.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in TopBuild during the first quarter worth $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of TopBuild in the 2nd quarter valued at about $30,000. Headlands Technologies LLC purchased a new position in shares of TopBuild in the 1st quarter worth approximately $56,000. UMB Bank n.a. boosted its stake in TopBuild by 87.3% in the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after acquiring an additional 62 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of TopBuild by 27.4% during the second quarter. Blue Trust Inc. now owns 293 shares of the construction company’s stock worth $113,000 after purchasing an additional 63 shares in the last quarter. 95.67% of the stock is currently owned by institutional investors.

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.