Jefferies Financial Group Cuts TopBuild (NYSE:BLD) Price Target to $515.00

TopBuild (NYSE:BLD) had its price target trimmed by Jefferies Financial Group from $525.00 to $515.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

BLD has been the topic of several other reports. Stephens lowered their target price on TopBuild from $435.00 to $400.00 and set an equal weight rating on the stock in a research report on Thursday, August 8th. Evercore ISI cut their price objective on shares of TopBuild from $555.00 to $489.00 and set an outperform rating on the stock in a research note on Wednesday, August 7th. Truist Financial lowered their target price on shares of TopBuild from $410.00 to $395.00 and set a hold rating on the stock in a research note on Wednesday, August 7th. DA Davidson cut their price objective on TopBuild from $470.00 to $460.00 and set a buy rating for the company in a report on Friday, August 9th. Finally, StockNews.com cut shares of TopBuild from a buy rating to a hold rating in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $446.67.

TopBuild Trading Up 0.2 %

NYSE:BLD opened at $386.21 on Wednesday. TopBuild has a 12-month low of $217.08 and a 12-month high of $495.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.34 and a quick ratio of 1.82. The business has a 50 day simple moving average of $387.90 and a 200 day simple moving average of $405.32. The firm has a market capitalization of $11.65 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.45 and a beta of 1.77.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.68 by ($0.26). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.40 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $5.25 EPS. Equities research analysts predict that TopBuild will post 21.08 EPS for the current year.

Institutional Investors Weigh In On TopBuild

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLD. Ritholtz Wealth Management boosted its stake in TopBuild by 20.1% in the 3rd quarter. Ritholtz Wealth Management now owns 1,899 shares of the construction company’s stock valued at $773,000 after purchasing an additional 318 shares during the period. UMB Bank n.a. raised its holdings in TopBuild by 87.3% in the 3rd quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock valued at $54,000 after buying an additional 62 shares during the last quarter. CWM LLC grew its position in shares of TopBuild by 10.3% in the 3rd quarter. CWM LLC now owns 387 shares of the construction company’s stock valued at $157,000 after buying an additional 36 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of TopBuild by 21.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 8,437 shares of the construction company’s stock valued at $3,432,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its stake in TopBuild by 8.0% during the third quarter. Harbor Investment Advisory LLC now owns 541 shares of the construction company’s stock worth $220,000 after purchasing an additional 40 shares during the period. 95.67% of the stock is owned by institutional investors.

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.