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

Shares of TopBuild Corp. (NYSE:BLD) have received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $440.44.

BLD has been the topic of a number of recent analyst reports. Truist Financial cut their price target on shares of TopBuild from $410.00 to $395.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group reduced their price objective on TopBuild from $525.00 to $515.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. DA Davidson dropped their target price 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. StockNews.com upgraded shares of TopBuild from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, Stephens decreased their price objective on shares of TopBuild from $435.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th.

Hedge Funds Weigh In On TopBuild

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in TopBuild by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,990,027 shares of the construction company’s stock valued at $1,317,795,000 after purchasing an additional 15,965 shares in the last quarter. FMR LLC grew its position in shares of TopBuild by 9.7% during the third quarter. FMR LLC now owns 1,830,493 shares of the construction company’s stock worth $744,663,000 after buying an additional 161,743 shares in the last quarter. State Street Corp grew its position in shares of TopBuild by 3.2% during the third quarter. State Street Corp now owns 1,120,029 shares of the construction company’s stock worth $455,639,000 after buying an additional 34,911 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of TopBuild by 2.1% in the third quarter. Geode Capital Management LLC now owns 627,989 shares of the construction company’s stock worth $255,526,000 after buying an additional 12,909 shares during the last quarter. Finally, Liontrust Investment Partners LLP raised its holdings in TopBuild by 21.1% in the second quarter. Liontrust Investment Partners LLP now owns 332,050 shares of the construction company’s stock valued at $127,929,000 after acquiring an additional 57,880 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

TopBuild Price Performance

Shares of NYSE:BLD opened at $387.95 on Wednesday. The company has a market cap of $11.45 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.35 and a beta of 1.79. The business has a fifty day simple moving average of $382.64 and a 200-day simple moving average of $396.04. TopBuild has a 52 week low of $292.20 and a 52 week high of $495.68. The company has a quick ratio of 1.49, a current ratio of 2.01 and a debt-to-equity ratio of 0.64.

TopBuild (NYSE:BLD) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $5.68 EPS for the quarter, beating the consensus estimate of $5.62 by $0.06. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. TopBuild had a return on equity of 26.40% and a net margin of 11.66%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.43 EPS. Equities research analysts forecast that TopBuild will post 20.99 EPS 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.