DA Davidson Cuts TopBuild (NYSE:BLD) Price Target to $395.00

TopBuild (NYSE:BLD) had its price target reduced by DA Davidson from $435.00 to $395.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the construction company’s stock. DA Davidson also issued estimates for TopBuild’s Q2 2025 earnings at $5.11 EPS and FY2026 earnings at $21.50 EPS.

Several other equities research analysts also recently weighed in on the stock. Loop Capital reduced their price objective on shares of TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. StockNews.com lowered shares of TopBuild from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Stephens lowered their price target on TopBuild from $340.00 to $320.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group cut their price objective on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $380.22.

TopBuild Trading Up 1.6 %

NYSE:BLD opened at $295.71 on Thursday. TopBuild has a 12-month low of $266.26 and a 12-month high of $495.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The business has a 50 day simple moving average of $296.74 and a 200 day simple moving average of $326.45. The firm has a market capitalization of $8.65 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.82 and a beta of 1.72.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, May 6th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.20. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company earned $4.81 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts predict that TopBuild will post 20.97 EPS for the current year.

Hedge Funds Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently modified their holdings of BLD. Capital Research Global Investors lifted its stake in TopBuild by 1.4% during the fourth quarter. Capital Research Global Investors now owns 3,029,012 shares of the construction company’s stock valued at $943,050,000 after buying an additional 41,047 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in TopBuild by 4.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock worth $271,331,000 after purchasing an additional 40,916 shares during the period. T. Rowe Price Investment Management Inc. grew its position in TopBuild by 779.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 604,155 shares of the construction company’s stock worth $188,098,000 after purchasing an additional 535,478 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of TopBuild by 14.6% in the fourth quarter. Invesco Ltd. now owns 595,338 shares of the construction company’s stock valued at $185,353,000 after purchasing an additional 75,713 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of TopBuild by 5.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 481,958 shares of the construction company’s stock worth $150,053,000 after buying an additional 23,428 shares during the period. Institutional investors and hedge funds 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.