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

Shares of TopBuild Corp. (NYSE:BLD) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $447.13.

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Seaport Res Ptn downgraded shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research note on Friday. Evercore ISI decreased their target price on TopBuild from $491.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. DA Davidson dropped their price target on TopBuild from $460.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Jefferies Financial Group decreased their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th.

Institutional Investors Weigh In On TopBuild

Several large investors have recently made changes to their positions in BLD. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of TopBuild in the 3rd quarter valued at $114,220,000. FMR LLC boosted its stake in shares of TopBuild by 9.7% during the 3rd quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after acquiring an additional 161,743 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of TopBuild by 2,833.6% during the 3rd quarter. Jennison Associates LLC now owns 114,030 shares of the construction company’s stock valued at $46,389,000 after acquiring an additional 110,143 shares during the last quarter. Natixis Advisors LLC acquired a new stake in TopBuild in the 3rd quarter worth approximately $41,981,000. Finally, Liontrust Investment Partners LLP lifted its stake in shares of TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock worth $127,929,000 after buying an additional 57,880 shares during the last quarter. Institutional investors own 95.67% of the company’s stock.

TopBuild Stock Down 3.6 %

BLD stock opened at $344.27 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.01 and a quick ratio of 1.49. The firm has a market cap of $10.16 billion, a PE ratio of 17.37, a P/E/G ratio of 2.31 and a beta of 1.79. TopBuild has a 12 month low of $340.13 and a 12 month high of $495.68. The firm has a 50 day simple moving average of $375.48 and a 200 day simple moving average of $393.05.

TopBuild (NYSE:BLD) last released its quarterly earnings data on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.06. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $5.43 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that TopBuild will post 20.95 earnings per share for the current fiscal year.

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.