TopBuild (NYSE:BLD) Given New $410.00 Price Target at The Goldman Sachs Group

TopBuild (NYSE:BLD) had its price target cut by The Goldman Sachs Group from $475.00 to $410.00 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities research analysts have also issued reports on the company. DA Davidson dropped their price objective on TopBuild from $460.00 to $450.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Seaport Res Ptn lowered TopBuild from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com raised shares of TopBuild from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Jefferies Financial Group cut their price target on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Evercore ISI cut shares of TopBuild from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $443.00 to $381.00 in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $437.00.

TopBuild Stock Up 5.5 %

BLD stock opened at $332.47 on Tuesday. TopBuild has a twelve month low of $302.70 and a twelve month high of $495.68. The firm has a market capitalization of $9.81 billion, a PE ratio of 16.77, a PEG ratio of 2.31 and a beta of 1.84. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64. The stock has a 50-day simple moving average of $348.26 and a two-hundred day simple moving average of $380.15.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 5th. The construction company reported $5.68 earnings per share for the quarter, topping analysts’ consensus estimates of $5.62 by $0.06. TopBuild had a net margin of 11.66% and a return on equity of 26.40%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted $5.43 EPS. TopBuild’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts predict that TopBuild will post 20.95 EPS for the current fiscal year.

Hedge Funds Weigh In On TopBuild

Institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in TopBuild during the third quarter valued at about $31,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of TopBuild in the 2nd quarter valued at about $30,000. Winch Advisory Services LLC purchased a new stake in TopBuild during the 4th quarter valued at about $26,000. Versant Capital Management Inc grew its position 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 during the last quarter. Finally, Quantbot Technologies LP bought a new position in TopBuild during the 3rd quarter worth approximately $45,000. Institutional investors own 95.67% of the company’s stock.

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.