TopBuild Corp. (NYSE:BLD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TopBuild Corp. (NYSE:BLD) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $420.90.

A number of analysts recently issued reports on BLD shares. Benchmark increased their target price on TopBuild from $450.00 to $470.00 and gave the stock a “buy” rating in a research note on Wednesday. Stephens reissued an “equal weight” rating and set a $425.00 price objective on shares of TopBuild in a research report on Tuesday, April 23rd. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Saturday, April 6th. Bank of America upped their target price on shares of TopBuild from $410.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, DA Davidson initiated coverage on TopBuild in a research note on Tuesday, March 5th. They issued a “buy” rating and a $470.00 price target on the stock.

Institutional Trading of TopBuild

Several institutional investors and hedge funds have recently bought and sold shares of BLD. Commonwealth Equity Services LLC raised its stake in shares of TopBuild by 91.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,028 shares of the construction company’s stock worth $510,000 after purchasing an additional 971 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in TopBuild in the third quarter valued at $223,000. Raymond James & Associates grew its position in shares of TopBuild by 37.6% in the 3rd quarter. Raymond James & Associates now owns 18,225 shares of the construction company’s stock valued at $4,585,000 after acquiring an additional 4,983 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of TopBuild by 25.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,093 shares of the construction company’s stock worth $275,000 after purchasing an additional 223 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new stake in shares of TopBuild in the 3rd quarter valued at about $30,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Down 0.0 %

BLD opened at $396.55 on Friday. The firm’s fifty day moving average is $414.16 and its two-hundred day moving average is $363.89. The firm has a market cap of $12.62 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.94 and a beta of 1.67. TopBuild has a twelve month low of $199.31 and a twelve month high of $452.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.18 and a current ratio of 2.66.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, May 7th. The construction company reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.56 by $0.25. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TopBuild had a return on equity of 27.03% and a net margin of 11.82%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.36 earnings per share. Equities research analysts anticipate that TopBuild will post 21.02 EPS for the current year.

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.