Jefferies Financial Group Lowers TopBuild (NYSE:BLD) Price Target to $515.00

TopBuild (NYSE:BLD) had its price objective cut by Jefferies Financial Group from $525.00 to $515.00 in a report issued on Wednesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research analysts have also commented on the stock. DA Davidson dropped their price target on shares of TopBuild from $470.00 to $460.00 and set a buy rating on the stock in a research note on Friday, August 9th. Evercore ISI lowered their target price on shares of TopBuild from $555.00 to $489.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. StockNews.com cut TopBuild from a buy rating to a hold rating in a research report on Tuesday, October 1st. Truist Financial lowered their price objective on TopBuild from $410.00 to $395.00 and set a hold rating on the stock in a report on Wednesday, August 7th. Finally, Stephens reduced their target price on TopBuild from $435.00 to $400.00 and set an equal weight rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, TopBuild has a consensus rating of Moderate Buy and a consensus target price of $446.67.

TopBuild Price Performance

BLD opened at $386.99 on Wednesday. The stock has a fifty day moving average price of $387.90 and a 200 day moving average price of $405.13. The company has a current ratio of 2.34, a quick ratio of 1.82 and a debt-to-equity ratio of 0.57. TopBuild has a 1 year low of $217.08 and a 1 year high of $495.68. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.45 and a beta of 1.77.

TopBuild (NYSE:BLD) last announced its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a net margin of 11.74% and a return on equity of 25.72%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm earned $5.25 earnings per share. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts forecast that TopBuild will post 21.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new position in TopBuild during the 2nd quarter valued at $30,000. Allspring Global Investments Holdings LLC bought a new position in shares of TopBuild during the 1st quarter worth about $31,000. Rise Advisors LLC bought a new stake in shares of TopBuild in the first quarter valued at about $37,000. UMB Bank n.a. grew its position in TopBuild by 87.3% during the third quarter. UMB Bank n.a. now owns 133 shares of the construction company’s stock worth $54,000 after buying an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in TopBuild during the first quarter valued at about $56,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.

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.