TopBuild’s (BLD) “Equal Weight” Rating Reaffirmed at Stephens

TopBuild (NYSE:BLD)‘s stock had its “equal weight” rating reiterated by analysts at Stephens in a research note issued on Tuesday, Benzinga reports. They currently have a $425.00 price objective on the construction company’s stock. Stephens’ target price would indicate a potential upside of 9.46% from the company’s current price.

Several other research analysts also recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of TopBuild from $419.00 to $429.00 and gave the company a “buy” rating in a report on Friday, March 1st. DA Davidson began coverage on TopBuild in a research note on Tuesday, March 5th. They set a “buy” rating and a $470.00 price target for the company. Loop Capital upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Monday, January 8th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a report on Saturday, April 6th. Finally, Truist Financial lowered TopBuild from a “buy” rating to a “hold” rating and lifted their price target for the stock from $290.00 to $410.00 in a research report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $418.90.

TopBuild Trading Down 1.7 %

Shares of TopBuild stock opened at $388.27 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66. The company has a fifty day moving average of $412.61 and a 200 day moving average of $352.11. The company has a market capitalization of $12.35 billion, a P/E ratio of 20.09, a P/E/G ratio of 2.10 and a beta of 1.66. TopBuild has a fifty-two week low of $199.31 and a fifty-two week high of $452.87.

TopBuild (NYSE:BLD) last released its earnings results on Wednesday, February 28th. The construction company reported $4.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.60 by $0.09. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business posted $4.40 earnings per share. On average, sell-side analysts anticipate that TopBuild will post 21.02 earnings per share for the current fiscal year.

Institutional Trading of TopBuild

Institutional investors and hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. boosted its holdings in shares of TopBuild by 136.7% in the first quarter. Newbridge Financial Services Group Inc. now owns 625 shares of the construction company’s stock valued at $275,000 after purchasing an additional 361 shares during the period. Simplicity Wealth LLC purchased a new position in TopBuild during the 1st quarter valued at about $383,000. Louisiana State Employees Retirement System raised its holdings in shares of TopBuild by 2.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the construction company’s stock valued at $4,011,000 after purchasing an additional 200 shares in the last quarter. Origin Asset Management LLP bought a new stake in shares of TopBuild in the 1st quarter valued at about $220,000. Finally, Nations Financial Group Inc. IA ADV lifted its position in shares of TopBuild by 1.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,655 shares of the construction company’s stock worth $729,000 after purchasing an additional 27 shares during the period. 95.67% of the stock is currently owned by institutional investors.

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.