TopBuild Corp. (NYSE:BLD) Receives $403.88 Consensus Price Target from Brokerages

Shares of TopBuild Corp. (NYSE:BLD) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $403.88.

Several brokerages recently weighed in on BLD. The Goldman Sachs Group decreased their price target on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their target price for the company from $443.00 to $381.00 in a report on Monday, December 16th. Benchmark cut their price target on shares of TopBuild from $445.00 to $375.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, Loop Capital lowered their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, February 27th.

TopBuild Trading Down 1.6 %

NYSE BLD opened at $305.95 on Tuesday. The firm’s fifty day moving average is $319.92 and its two-hundred day moving average is $349.23. TopBuild has a one year low of $288.31 and a one year high of $495.68. 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 firm has a market cap of $8.95 billion, a PE ratio of 15.44, a P/E/G ratio of 1.82 and a beta of 1.89.

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, beating the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $4.69 EPS. 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 earnings per share for the current year.

Institutional Investors Weigh In On TopBuild

Several institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. grew its holdings in TopBuild by 779.7% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock valued at $188,098,000 after purchasing an additional 535,478 shares during the last quarter. Norges Bank purchased a new stake in shares of TopBuild in the 4th quarter worth about $108,688,000. Westwood Holdings Group Inc. acquired a new stake in TopBuild in the 4th quarter valued at about $80,844,000. Interval Partners LP purchased a new position in TopBuild during the 4th quarter valued at about $53,424,000. Finally, FMR LLC raised its position in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares during the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.