TopBuild (NYSE:BLD) Price Target Lowered to $450.00 at DA Davidson

TopBuild (NYSE:BLD) had its target price dropped by analysts at DA Davidson from $460.00 to $450.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. DA Davidson’s price objective would suggest a potential upside of 21.30% from the stock’s previous close.

Several other equities analysts have also weighed in on BLD. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group dropped 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. Truist Financial dropped their price target on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Stephens decreased their target price on TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, Evercore ISI reduced their target price on shares of TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, TopBuild presently has a consensus rating of “Moderate Buy” and an average price target of $440.44.

TopBuild Stock Performance

NYSE:BLD traded down $0.19 during mid-day trading on Thursday, reaching $370.98. 131,379 shares of the stock were exchanged, compared to its average volume of 287,933. The company has a 50 day simple moving average of $385.53 and a 200-day simple moving average of $399.50. TopBuild has a 1 year low of $262.64 and a 1 year high of $495.68. The stock has a market capitalization of $11.19 billion, a P/E ratio of 19.13, a P/E/G ratio of 2.21 and a beta of 1.79. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.62 by $0.06. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 25.72% and a net margin of 11.74%. TopBuild’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.43 earnings per share. Analysts anticipate that TopBuild will post 21.03 earnings per share for the current fiscal year.

Institutional Trading of TopBuild

Several large investors have recently added to or reduced their stakes in BLD. Allspring Global Investments Holdings LLC acquired a new position in TopBuild during the first quarter worth $31,000. Janney Montgomery Scott LLC bought a new position in shares of TopBuild in the 1st quarter valued at approximately $1,487,000. Csenge Advisory Group lifted its holdings in TopBuild by 24.4% in the 1st quarter. Csenge Advisory Group now owns 728 shares of the construction company’s stock worth $321,000 after purchasing an additional 143 shares during the last quarter. AIA Group Ltd bought a new stake in TopBuild during the first quarter worth approximately $279,000. Finally, SG Americas Securities LLC grew its holdings in TopBuild by 17.6% during the first quarter. SG Americas Securities LLC now owns 1,712 shares of the construction company’s stock valued at $755,000 after purchasing an additional 256 shares during the last quarter. 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.