Brokerages Set TopBuild Corp. (NYSE:BLD) PT at $422.33

TopBuild Corp. (NYSE:BLD) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $411.78.

A number of research firms have recently weighed in on BLD. Loop Capital dropped their target price on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Truist Financial dropped their target price on TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group dropped their target price on TopBuild from $475.00 to $410.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Evercore ISI downgraded TopBuild from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $443.00 to $381.00 in a report on Monday, December 16th. Finally, StockNews.com downgraded TopBuild from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

TopBuild Trading Down 0.1 %

BLD stock opened at $295.96 on Friday. 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 company has a fifty day moving average price of $325.69 and a two-hundred day moving average price of $359.25. TopBuild has a one year low of $288.31 and a one year high of $495.68. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.82 and a beta of 1.85.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, February 25th. The construction company reported $5.13 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.31 billion. During the same period in the previous year, the business posted $4.69 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts anticipate that TopBuild will post 20.97 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors raised its stake in TopBuild by 1.4% in 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 purchasing an additional 41,047 shares in the last quarter. FMR LLC raised its stake in TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares in the last quarter. State Street Corp raised its stake in TopBuild by 3.2% during the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after acquiring an additional 34,911 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in TopBuild by 4.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 871,495 shares of the construction company’s stock worth $271,331,000 after acquiring an additional 40,916 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in TopBuild by 2.1% during the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after acquiring an additional 12,909 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

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.