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

TopBuild Corp. (NYSE:BLD) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $449.00.

Several analysts recently commented on the stock. DA Davidson cut their target price on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Jefferies Financial Group raised their price objective on TopBuild from $486.00 to $536.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Evercore ISI cut their target price on TopBuild from $555.00 to $489.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. StockNews.com lowered TopBuild from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Finally, Stephens cut their price objective on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th.

TopBuild Stock Performance

Shares of NYSE BLD opened at $385.85 on Tuesday. TopBuild has a 1 year low of $217.08 and a 1 year high of $495.68. The firm has a market cap of $12.28 billion, a P/E ratio of 19.45, a PEG ratio of 2.53 and a beta of 1.77. The stock has a fifty day moving average price of $395.62 and a two-hundred day moving average price of $406.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34.

TopBuild (NYSE:BLD) last released its earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm earned $5.25 earnings per share. TopBuild’s revenue was up 3.7% on a year-over-year basis. Research analysts forecast that TopBuild will post 21.18 EPS for the current fiscal year.

Institutional Investors Weigh In On TopBuild

A number of institutional investors have recently modified their holdings of BLD. Ashton Thomas Private Wealth LLC acquired a new stake in TopBuild during the second quarter valued at $30,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of TopBuild during the 1st quarter valued at about $31,000. Rise Advisors LLC bought a new stake in shares of TopBuild in the 1st quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new position in TopBuild in the first quarter worth approximately $56,000. Finally, Newbridge Financial Services Group Inc. raised its position in TopBuild by 2,300.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 264 shares of the construction company’s stock valued at $99,000 after acquiring an additional 253 shares in the last quarter. Institutional investors and hedge funds 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.