TopBuild Corp. (NYSE:BLD) Receives $446.89 Average Price Target from Brokerages

Shares of TopBuild Corp. (NYSE:BLD) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $446.89.

A number of research analysts have recently weighed in on BLD shares. Jefferies Financial Group reduced their target price on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Evercore ISI raised their target price on TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com raised TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday. Truist Financial decreased their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson dropped their price objective on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

Institutional Trading of TopBuild

Several institutional investors and hedge funds have recently bought and sold shares of BLD. Vanguard Group Inc. increased its holdings in shares of TopBuild by 0.5% in the first quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock worth $1,317,795,000 after purchasing an additional 15,965 shares during the period. Liontrust Investment Partners LLP boosted its position in shares of TopBuild by 21.1% during the 2nd quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of TopBuild by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 261,965 shares of the construction company’s stock worth $100,927,000 after purchasing an additional 2,133 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock worth $74,228,000 after purchasing an additional 25,973 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in TopBuild by 7.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 140,738 shares of the construction company’s stock valued at $53,097,000 after purchasing an additional 10,000 shares in the last quarter. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

TopBuild Trading Up 0.2 %

NYSE:BLD opened at $353.94 on Friday. TopBuild has a 52 week low of $249.89 and a 52 week high of $495.68. The firm has a 50-day moving average price of $386.99 and a two-hundred day moving average price of $399.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.82 and a current ratio of 2.34. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.77.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 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 business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business posted $5.25 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that TopBuild will post 21.03 earnings per share for the current fiscal year.

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.