Analysts Set TopBuild Corp. (NYSE:BLD) Target Price at $447.13

TopBuild Corp. (NYSE:BLD) has been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $439.38.

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

TopBuild Price Performance

NYSE BLD opened at $310.28 on Friday. The company has a market cap of $9.15 billion, a PE ratio of 15.65, a P/E/G ratio of 2.31 and a beta of 1.79. The firm’s 50 day moving average price is $369.09 and its 200-day moving average price is $390.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 2.01. TopBuild has a 52-week low of $305.79 and a 52-week high of $495.68.

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

Hedge Funds Weigh In On TopBuild

A number of institutional investors have recently bought and sold shares of BLD. Pitcairn Co. raised its holdings in shares of TopBuild by 178.2% during the third quarter. Pitcairn Co. now owns 2,220 shares of the construction company’s stock worth $903,000 after purchasing an additional 1,422 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of TopBuild by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,258 shares of the construction company’s stock valued at $5,493,000 after buying an additional 820 shares during the last quarter. Icon Wealth Advisors LLC raised its stake in shares of TopBuild by 704.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 2,293 shares of the construction company’s stock valued at $933,000 after buying an additional 2,008 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TopBuild by 37.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 178,824 shares of the construction company’s stock valued at $72,747,000 after buying an additional 48,562 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of TopBuild by 72.0% in the third quarter. Bank of Montreal Can now owns 11,239 shares of the construction company’s stock worth $4,600,000 after buying an additional 4,703 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

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.