TopBuild (NYSE:BLD) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of TopBuild (NYSE:BLD) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

A number of other research analysts have also recently weighed in on BLD. Truist Financial lowered their price objective on TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. DA Davidson dropped their price target on shares of TopBuild from $470.00 to $460.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group decreased their price objective on shares of TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Evercore ISI upped their target price on shares of TopBuild from $489.00 to $491.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Stephens decreased their price target on TopBuild from $435.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $446.89.

TopBuild Price Performance

Shares of NYSE:BLD opened at $353.94 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $10.68 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.77. The firm’s 50 day moving average price is $386.99 and its 200-day moving average price is $399.86. TopBuild has a twelve month low of $249.89 and a twelve month high of $495.68.

TopBuild (NYSE:BLD) last issued its quarterly earnings results on Tuesday, August 6th. The construction company reported $5.42 earnings per share for the quarter, missing the consensus estimate of $5.68 by ($0.26). TopBuild had a return on equity of 25.72% and a net margin of 11.74%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business earned $5.25 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts expect that TopBuild will post 21.03 EPS for the current year.

Hedge Funds Weigh In On TopBuild

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings in shares of TopBuild by 18.2% in the first quarter. Lazard Asset Management LLC now owns 168,423 shares of the construction company’s stock valued at $74,228,000 after purchasing an additional 25,973 shares in the last quarter. Forge First Asset Management Inc. purchased a new position in shares of TopBuild in the 1st quarter worth $16,158,000. Nordea Investment Management AB grew its stake in shares of TopBuild by 4,820.9% in the 1st quarter. Nordea Investment Management AB now owns 28,984 shares of the construction company’s stock worth $12,825,000 after buying an additional 28,395 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of TopBuild by 12.1% in the 1st quarter. Russell Investments Group Ltd. now owns 36,140 shares of the construction company’s stock worth $15,928,000 after buying an additional 3,899 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of TopBuild by 4.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,534 shares of the construction company’s stock valued at $35,935,000 after buying an additional 3,231 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

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.