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

TopBuild Corp. (NYSE:BLD) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $403.88.

Several analysts recently commented on the company. Benchmark reduced their target price on TopBuild from $445.00 to $375.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Truist Financial decreased their price objective on shares of TopBuild from $395.00 to $310.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group dropped their target price on shares of TopBuild from $475.00 to $410.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Loop Capital lowered their price objective on TopBuild from $405.00 to $390.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th.

TopBuild Price Performance

BLD stock opened at $305.47 on Tuesday. The company has a market capitalization of $8.93 billion, a P/E ratio of 15.41, a PEG ratio of 1.82 and a beta of 1.89. The company has a fifty day moving average price of $319.09 and a 200-day moving average price of $348.67. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild has a 52-week low of $288.31 and a 52-week high of $495.68.

TopBuild (NYSE:BLD) last announced its earnings results on Tuesday, February 25th. The construction company reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $4.69 EPS. TopBuild’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that TopBuild will post 20.97 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLD. Winch Advisory Services LLC acquired a new position in shares of TopBuild during the fourth quarter worth approximately $26,000. Versant Capital Management Inc raised its holdings in TopBuild by 327.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after buying an additional 72 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in TopBuild during the third quarter worth $31,000. V Square Quantitative Management LLC lifted its stake in shares of TopBuild by 55.3% in the fourth 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of TopBuild during the third quarter valued at about $45,000. Institutional investors 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.