TopBuild (NYSE:BLD) Given New $310.00 Price Target at Truist Financial

TopBuild (NYSE:BLD) had its price objective decreased by Truist Financial from $395.00 to $310.00 in a report published on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the construction company’s stock.

Several other equities analysts have also weighed in on BLD. The Goldman Sachs Group dropped their price objective on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson lowered their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Evercore ISI downgraded shares of TopBuild from an “outperform” rating to an “inline” rating and cut their target price for the stock from $443.00 to $381.00 in a research report on Monday, December 16th. Finally, StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $422.33.

TopBuild Stock Performance

TopBuild stock opened at $304.01 on Thursday. TopBuild has a 1 year low of $295.19 and a 1 year high of $495.68. The company has a market cap of $8.97 billion, a PE ratio of 15.34, a PEG ratio of 1.82 and a beta of 1.85. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average is $326.08 and its two-hundred day moving average is $360.50.

TopBuild (NYSE:BLD) last issued its earnings results on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, beating the consensus estimate of $5.07 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $4.69 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts anticipate that TopBuild will post 20.97 earnings per share for the current year.

Hedge Funds Weigh In On TopBuild

A number of hedge funds and other institutional investors have recently bought and sold shares of BLD. Pitcairn Co. increased its holdings in TopBuild by 178.2% during the 3rd quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock valued at $903,000 after purchasing an additional 1,422 shares during the period. TT International Asset Management LTD boosted its holdings in shares of TopBuild by 33.3% during the 4th quarter. TT International Asset Management LTD now owns 18,781 shares of the construction company’s stock valued at $5,847,000 after acquiring an additional 4,694 shares during the last quarter. Icon Wealth Advisors LLC increased its position in TopBuild by 704.6% during the third quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after acquiring an additional 2,008 shares during the last quarter. Van ECK Associates Corp raised its holdings in TopBuild by 57.8% in the 4th quarter. Van ECK Associates Corp now owns 32,633 shares of the construction company’s stock worth $10,160,000 after purchasing an additional 11,948 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in TopBuild by 37.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock worth $72,747,000 after acquiring an additional 48,562 shares in the last quarter. Hedge funds and other institutional investors 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.