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

TopBuild Corp. (NYSE:BLD) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $439.38.

Several equities research analysts have recently issued reports on BLD shares. DA Davidson dropped their price objective on shares of TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Seaport Res Ptn cut shares of TopBuild from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Evercore ISI lowered TopBuild from an “outperform” rating to an “inline” rating and cut their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Jefferies Financial Group decreased their target price on TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

Institutional Trading of TopBuild

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc grew its holdings in TopBuild by 327.3% during the 4th quarter. Versant Capital Management Inc now owns 94 shares of the construction company’s stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild in the second quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in TopBuild in the third quarter valued at about $31,000. Kennebec Savings Bank acquired a new stake in TopBuild during the third quarter valued at approximately $45,000. Finally, Quantbot Technologies LP acquired a new stake in TopBuild during the third quarter valued at approximately $45,000. Institutional investors own 95.67% of the company’s stock.

TopBuild Trading Up 1.1 %

Shares of BLD opened at $319.00 on Thursday. TopBuild has a twelve month low of $302.70 and a twelve month high of $495.68. The firm has a market capitalization of $9.41 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.31 and a beta of 1.84. The company has a current ratio of 2.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The stock’s fifty day simple moving average is $350.69 and its 200 day simple moving average is $381.59.

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, beating 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 for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company posted $5.43 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that TopBuild will post 20.95 earnings per share for the current 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.