TopBuild Corp. (NYSE:BLD) Given Average Recommendation of “Moderate Buy” by Brokerages

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

A number of analysts have recently issued reports on BLD shares. Seaport Res Ptn cut TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and cut their price target for the company from $443.00 to $381.00 in a report on Monday, December 16th. The Goldman Sachs Group decreased their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Truist Financial cut their target price on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Institutional Trading of TopBuild

Large investors have recently modified their holdings of the stock. Park Square Financial Group LLC bought a new stake in TopBuild during the fourth quarter worth about $111,000. Amiral Gestion bought a new stake in shares of TopBuild during the 4th quarter worth approximately $486,000. Toronto Dominion Bank lifted its holdings in shares of TopBuild by 62.8% during the 4th quarter. Toronto Dominion Bank now owns 3,436 shares of the construction company’s stock worth $1,069,000 after acquiring an additional 1,326 shares during the period. GTS Securities LLC acquired a new stake in shares of TopBuild during the 4th quarter worth approximately $268,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in TopBuild in the fourth quarter valued at approximately $16,623,000. 95.67% of the stock is owned by institutional investors and hedge funds.

TopBuild Stock Up 5.8 %

Shares of NYSE BLD opened at $315.74 on Tuesday. The firm has a 50 day moving average price of $322.43 and a 200 day moving average price of $350.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. The stock has a market cap of $9.23 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.82 and a beta of 1.89. TopBuild has a 52-week low of $288.31 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last announced its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $4.69 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that TopBuild will post 20.97 EPS for the current year.

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.