Truist Financial Lowers TopBuild (NYSE:BLD) Price Target to $310.00

TopBuild (NYSE:BLD) had its price objective reduced by equities research analysts at Truist Financial from $395.00 to $310.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 1.16% from the company’s previous close.

Several other research analysts have also recently weighed in on BLD. The Goldman Sachs Group lowered their price target on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. DA Davidson decreased their target price on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and dropped their price target for the company from $443.00 to $381.00 in a research note on Monday, December 16th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, TopBuild currently has an average rating of “Moderate Buy” and a consensus price target of $422.33.

TopBuild Stock Up 1.0 %

BLD stock opened at $306.44 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average of $326.00 and a two-hundred day moving average of $360.03. TopBuild has a 12 month low of $295.19 and a 12 month high of $495.68. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 1.82 and a beta of 1.85.

TopBuild (NYSE:BLD) last posted 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. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $4.69 earnings per share. As a group, analysts forecast that TopBuild will post 20.97 earnings per share for the current fiscal year.

Institutional Trading of TopBuild

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLD. Winch Advisory Services LLC acquired a new stake in shares of TopBuild in the fourth quarter valued at $26,000. Versant Capital Management Inc boosted 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 valued at $29,000 after acquiring an additional 72 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in TopBuild in the 3rd quarter valued at about $31,000. V Square Quantitative Management LLC increased its stake in TopBuild by 55.3% during the fourth quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock worth $37,000 after purchasing an additional 42 shares during the period. Finally, Kennebec Savings Bank acquired a new stake in shares of TopBuild during the third quarter worth about $45,000. 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.