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

Stephens reiterated their equal weight rating on shares of TopBuild (NYSE:BLD) in a report issued on Tuesday, Benzinga reports. Stephens currently has a $425.00 price objective on the construction company’s stock.

BLD has been the subject of a number of other reports. Benchmark upped their price objective on shares of TopBuild from $320.00 to $450.00 and gave the stock a buy rating in a research report on Friday, March 1st. Bank of America boosted their target price on shares of TopBuild from $410.00 to $475.00 and gave the company a buy rating in a research note on Thursday, March 14th. Evercore ISI boosted their target price on shares of TopBuild from $469.00 to $527.00 and gave the company an outperform rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group boosted their target price on shares of TopBuild from $419.00 to $429.00 and gave the company a buy rating in a research note on Friday, March 1st. Finally, Truist Financial cut shares of TopBuild from a buy rating to a hold rating and boosted their target price for the company from $290.00 to $410.00 in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $418.90.

TopBuild Stock Performance

NYSE BLD opened at $390.61 on Tuesday. The company has a fifty day simple moving average of $412.55 and a 200 day simple moving average of $352.36. TopBuild has a 12-month low of $199.31 and a 12-month high of $452.87. The company has a current ratio of 2.66, a quick ratio of 2.18 and a debt-to-equity ratio of 0.54. The company has a market cap of $12.43 billion, a P/E ratio of 20.24, a PEG ratio of 2.17 and a beta of 1.66.

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

Institutional Trading of TopBuild

Institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new stake in shares of TopBuild during the 4th quarter valued at approximately $28,000. Principal Securities Inc. purchased a new stake in TopBuild in the 4th quarter worth approximately $28,000. BluePath Capital Management LLC bought a new position in shares of TopBuild in the 3rd quarter worth $30,000. Allspring Global Investments Holdings LLC bought a new position in shares of TopBuild in the 1st quarter worth $31,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in shares of TopBuild in the 4th quarter worth $36,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

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.