Loop Capital Lowers TopBuild (NYSE:BLD) Price Target to $390.00

TopBuild (NYSE:BLD) had its price target decreased by Loop Capital from $405.00 to $390.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Loop Capital’s target price points to a potential upside of 28.27% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. DA Davidson lowered their price target on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com downgraded shares of TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday. Seaport Res Ptn downgraded TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Truist Financial cut their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group decreased their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $422.33.

TopBuild Stock Performance

Shares of NYSE:BLD traded down $0.86 during trading on Thursday, reaching $304.04. The company had a trading volume of 361,226 shares, compared to its average volume of 299,230. 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 stock’s fifty day moving average price is $326.18 and its 200 day moving average price is $360.89. TopBuild has a fifty-two week low of $295.19 and a fifty-two week high of $495.68. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85.

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, topping analysts’ consensus estimates of $5.07 by $0.06. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.69 earnings per share. As a group, equities research analysts predict that TopBuild will post 20.97 EPS for the current year.

Institutional Investors Weigh In On TopBuild

Several hedge funds have recently bought and sold shares of BLD. Winch Advisory Services LLC purchased a new position in TopBuild during the 4th quarter valued at about $26,000. Versant Capital Management Inc increased its stake in TopBuild by 327.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock valued at $29,000 after buying an additional 72 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in TopBuild in the 3rd quarter worth approximately $31,000. V Square Quantitative Management LLC boosted its stake in shares of TopBuild by 55.3% during the 4th quarter. V Square Quantitative Management LLC now owns 118 shares of the construction company’s stock valued at $37,000 after buying an additional 42 shares during the period. Finally, Kennebec Savings Bank purchased a new position in shares of TopBuild during the 3rd quarter valued at $45,000. 95.67% of the stock is 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.